Retrieve Mumbai Silver (XAG-MUMB) Price Data for Historical Analysis with this API

Retrieve Mumbai Silver (XAG-MUMB) Price Data for Historical Analysis with this API

In the ever-evolving landscape of precious metals trading, the ability to access accurate and timely data is paramount. For developers and analysts focusing on Silver, particularly the Mumbai Silver (XAG-MUMB), the Metals-API offers a robust solution for retrieving historical price data. This blog post delves into the intricacies of Silver, its industrial applications, and how to leverage the Metals-API for comprehensive historical analysis.

About Silver (XAG)

Silver, denoted 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 crucial role in modern technology. The integration of smart manufacturing and supply chain technology has further enhanced its significance in various sectors. As industries innovate, the demand for Silver continues to rise, making it essential for developers to have access to real-time and historical data.

In the digital market, the analysis of Silver prices can provide insights into market trends, helping businesses make informed decisions. The Metals-API serves as a powerful tool for developers looking to integrate Silver price data into their applications, enabling them to build next-generation solutions that respond to market fluctuations.

API Description

The Metals-API is designed to provide developers with real-time and historical data on various metals, including Silver. With its innovative approach to data delivery, the API empowers users to create applications that can analyze trends, forecast prices, and make data-driven decisions. The API's capabilities include:

• Real-time Data Access: Get the latest Silver prices updated at intervals based on your subscription plan.
• Historical Data Retrieval: Access historical prices dating back to 2019, allowing for in-depth analysis.
• Comprehensive Endpoints: Utilize various endpoints for specific data needs, including conversion rates, fluctuation tracking, and more.

By harnessing the power of the Metals-API, developers can create applications that not only display current prices but also analyze historical trends, providing a comprehensive view of the Silver market.

Key Features and Endpoints

The Metals-API offers a variety of endpoints that cater to different data needs. Here are some of the key features:

Latest Rates Endpoint

The Latest Rates Endpoint provides real-time exchange rate data for Silver and other metals. Depending on your subscription plan, you can receive updates every 60 minutes or even more frequently. This feature is crucial for applications that require up-to-the-minute pricing information.

{
    "success": true,
    "timestamp": 1750986176,
    "base": "USD",
    "date": "2025-06-27",
    "rates": {
        "XAU": 0.000482,
        "XAG": 0.03815,
        "XPT": 0.000912,
        "XPD": 0.000744
    },
    "unit": "per troy ounce"
}

Historical Rates Endpoint

For developers interested in analyzing trends over time, the Historical Rates Endpoint allows access to historical exchange rates for Silver dating back to 2019. By appending a specific date to your query, you can retrieve data for any day within this range, enabling detailed analysis of price movements.

{
    "success": true,
    "timestamp": 1750899776,
    "base": "USD",
    "date": "2025-06-26",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915
    },
    "unit": "per troy ounce"
}

Time-Series Endpoint

The Time-Series Endpoint is particularly useful for developers looking to analyze price trends over a specific period. By querying the API with a start and end date, you can retrieve daily historical rates, allowing for comprehensive trend analysis.

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-06-20",
    "end_date": "2025-06-27",
    "base": "USD",
    "rates": {
        "2025-06-20": {
            "XAU": 0.000485,
            "XAG": 0.03825
        },
        "2025-06-22": {
            "XAU": 0.000483,
            "XAG": 0.0382
        },
        "2025-06-27": {
            "XAU": 0.000482,
            "XAG": 0.03815
        }
    },
    "unit": "per troy ounce"
}

Convert Endpoint

The Convert Endpoint allows users to convert amounts between different metals or to/from USD. This feature is particularly useful for applications that require currency conversion for pricing or reporting purposes.

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1750986176,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Fluctuation Endpoint

The Fluctuation Endpoint provides insights into how Silver prices fluctuate over a specified period. By tracking changes in rates between two dates, developers can analyze market volatility and make informed predictions.

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-06-20",
    "end_date": "2025-06-27",
    "base": "USD",
    "rates": {
        "XAU": {
            "start_rate": 0.000485,
            "end_rate": 0.000482,
            "change": -3.0e-6,
            "change_pct": -0.62
        },
        "XAG": {
            "start_rate": 0.03825,
            "end_rate": 0.03815,
            "change": -0.0001,
            "change_pct": -0.26
        }
    },
    "unit": "per troy ounce"
}

Open/High/Low/Close (OHLC) Price Endpoint

The OHLC Price Endpoint provides essential data for traders and analysts by delivering the open, high, low, and close prices for Silver over a specified period. This data is crucial for technical analysis and market forecasting.

{
    "success": true,
    "timestamp": 1750986176,
    "base": "USD",
    "date": "2025-06-27",
    "rates": {
        "XAU": {
            "open": 0.000485,
            "high": 0.000487,
            "low": 0.000481,
            "close": 0.000482
        },
        "XAG": {
            "open": 0.03825,
            "high": 0.0383,
            "low": 0.0381,
            "close": 0.03815
        }
    },
    "unit": "per troy ounce"
}

Bid/Ask Endpoint

The Bid/Ask Endpoint provides current bid and ask prices for Silver, allowing traders to make informed decisions based on real-time market data. This feature is essential for applications that facilitate trading or investment in Silver.

{
    "success": true,
    "timestamp": 1750986176,
    "base": "USD",
    "date": "2025-06-27",
    "rates": {
        "XAU": {
            "bid": 0.000481,
            "ask": 0.000483,
            "spread": 2.0e-6
        },
        "XAG": {
            "bid": 0.0381,
            "ask": 0.0382,
            "spread": 0.0001
        }
    },
    "unit": "per troy ounce"
}

List of Symbols

The Metals-API provides access to a comprehensive range of metal symbols. For a complete list of all supported symbols and their specifications, refer to the Metals-API Supported Symbols page. This resource is invaluable for developers looking to integrate multiple metal data into their applications.

Conclusion

In conclusion, the Metals-API is an essential tool for developers and analysts focused on Silver, particularly in the Mumbai market. With its extensive range of endpoints and capabilities, the API allows for comprehensive historical analysis and real-time data access. By leveraging features such as the Latest Rates, Historical Rates, and Time-Series endpoints, developers can create powerful applications that respond to market dynamics.

As industries continue to innovate and the demand for Silver grows, having access to accurate data will be crucial for making informed decisions. The Metals-API not only provides the necessary data but also empowers developers to build next-generation applications that can analyze trends and forecast prices effectively. For more information, visit the Metals-API Website and explore the Metals-API Documentation for detailed guidance on implementation and usage.