Query Mumbai Silver (MUMB-XAG) Historical Prices with this API

In the ever-evolving landscape of financial data, the ability to access historical prices for precious metals like silver is crucial for developers, analysts, and investors alike. The Query Mumbai Silver (MUMB-XAG) feature allows users to tap into the rich data provided by the Metals-API. This API not only provides real-time pricing but also offers a comprehensive suite of tools to analyze historical trends, making it an invaluable resource for those involved in the metals market.

About Silver (XAG)

Silver, represented by the symbol XAG, is not just a precious metal; it is a versatile commodity with a wide array of industrial applications. From electronics to solar panels, silver plays a pivotal role in modern technology. The innovation surrounding silver's use in manufacturing has led to advancements in smart manufacturing integration, where real-time data can significantly enhance production efficiency.

Moreover, the digital market analysis of silver prices has become increasingly sophisticated. With the rise of data analytics and machine learning, stakeholders can now predict price movements with greater accuracy. The integration of supply chain technology further optimizes the procurement and distribution of silver, ensuring that market players can respond swiftly to fluctuations in demand.

Technological Advancements in Silver Pricing

The Metals-API stands at the forefront of technological advancement in the metals market. By providing real-time data, it empowers developers to create next-generation applications that can analyze and visualize silver price trends. This capability is particularly beneficial for financial analysts who require accurate data to make informed decisions.

For instance, the Latest Rates Endpoint of the Metals-API allows users to retrieve real-time exchange rate data for silver and other metals. Depending on the subscription plan, this endpoint can provide updates every 60 minutes, every 10 minutes, or even more frequently. This level of detail is essential for traders who need to act quickly based on market movements.

Accessing Historical Prices

One of the standout features of the Metals-API is its ability to provide historical rates dating back to 2019. Users can query the Historical Rates Endpoint by appending a specific date to the API request. This functionality is crucial for analysts looking to identify trends over time, assess market volatility, and make predictions based on historical data.

{
"success": true,
"timestamp": 1766199701,
"base": "USD",
"date": "2025-12-20",
"rates": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915,
"XPD": 0.000748
},
"unit": "per troy ounce"
}

This JSON response illustrates how the API returns historical data, allowing users to analyze silver prices in relation to other metals. Each field in the response is significant; for example, the base indicates the currency against which the rates are measured, while the rates object provides the actual prices for each metal.

Advanced Features of Metals-API

The Metals-API offers a variety of endpoints that cater to different analytical needs. The Time-Series Endpoint allows users to query daily historical rates between two dates of their choice. This is particularly useful for conducting in-depth analyses over specific periods, enabling users to visualize trends and fluctuations effectively.

{
"success": true,
"timeseries": true,
"start_date": "2025-12-14",
"end_date": "2025-12-21",
"base": "USD",
"rates": {
"2025-12-14": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915
},
"2025-12-16": {
"XAU": 0.000483,
"XAG": 0.0382,
"XPT": 0.000913
},
"2025-12-21": {
"XAU": 0.000482,
"XAG": 0.03815,
"XPT": 0.000912
}
},
"unit": "per troy ounce"
}

This response provides a comprehensive view of how silver prices have changed over the specified time period, allowing for detailed analysis of market trends.

Bid and Ask Prices

The Bid and Ask Endpoint is another powerful feature of the Metals-API. It enables users to retrieve real-time bid and ask prices for silver and other metals. This information is crucial for traders who need to understand the current market sentiment and make informed buying or selling decisions.

{
"success": true,
"timestamp": 1766286101,
"base": "USD",
"date": "2025-12-21",
"rates": {
"XAG": {
"bid": 0.0381,
"ask": 0.0382,
"spread": 0.0001
}
},
"unit": "per troy ounce"
}

The spread value indicates the difference between the bid and ask prices, which can provide insights into market liquidity and trading costs.

Conversion and Fluctuation Tracking

The Metals-API also includes a Convert Endpoint, which allows users to convert any amount from one metal to another or to/from USD. This feature is particularly useful for investors who deal with multiple metals and need to understand their relative values.

{
"success": true,
"query": {
"from": "USD",
"to": "XAG",
"amount": 1000
},
"info": {
"timestamp": 1766286101,
"rate": 0.03815
},
"result": 38.15,
"unit": "troy ounces"
}

This response shows how the API can facilitate conversions, making it easier for users to manage their investments across different metals.

Additionally, the Fluctuation Endpoint allows users to track rate fluctuations between two dates. This feature is essential for understanding market volatility and making strategic investment decisions.

{
"success": true,
"fluctuation": true,
"start_date": "2025-12-14",
"end_date": "2025-12-21",
"base": "USD",
"rates": {
"XAG": {
"start_rate": 0.03825,
"end_rate": 0.03815,
"change": -0.0001,
"change_pct": -0.26
}
},
"unit": "per troy ounce"
}

This data can help traders identify patterns and make predictions about future price movements.

Open/High/Low/Close (OHLC) Data

The Open/High/Low/Close (OHLC) Price Endpoint provides users with detailed pricing information for a specific time period. This data is invaluable for technical analysis, allowing traders to assess market trends and make informed decisions based on historical performance.

{
"success": true,
"timestamp": 1766286101,
"base": "USD",
"date": "2025-12-21",
"rates": {
"XAG": {
"open": 0.03825,
"high": 0.0383,
"low": 0.0381,
"close": 0.03815
}
},
"unit": "per troy ounce"
}

Understanding the open, high, low, and close prices for silver can help traders identify potential entry and exit points in the market.

Security and Performance Considerations

When working with the Metals-API, it is essential to consider security best practices. Each API request requires an API Key, which should be kept confidential to prevent unauthorized access. Additionally, developers should implement error handling and recovery strategies to manage potential issues that may arise during API interactions.

Rate limiting and quota management are also crucial aspects to consider. The Metals-API has specific limits based on subscription plans, and exceeding these limits can result in throttled responses or temporary access restrictions. Developers should design their applications to handle these scenarios gracefully.

Conclusion

The Query Mumbai Silver (MUMB-XAG) feature of the Metals-API is a powerful tool for accessing historical prices and real-time data for silver. With its comprehensive suite of endpoints, developers can create sophisticated applications that analyze market trends, track fluctuations, and make informed investment decisions. The integration of advanced technology and real-time data empowers users to stay ahead in the competitive metals market.

For more information on how to utilize the Metals-API effectively, refer to the Metals-API Documentation and explore the Metals-API Supported Symbols for a complete list of available metals. By leveraging these resources, developers can unlock the full potential of the Metals-API and enhance their applications with real-time metals data.