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Retrieve real-time Silver Continuous Contract (SI00) prices using this API

Retrieve real-time Silver Continuous Contract (SI00) prices using this API

Retrieve real-time Silver Continuous Contract (SI00) prices using this API

Retrieve Real-Time Silver Continuous Contract (SI00) Prices Using This API

In today's fast-paced financial landscape, having access to real-time data is crucial for making informed decisions. This is particularly true in the metals market, where prices can fluctuate dramatically within short periods. The Silver Continuous Contract (SI00) is a vital instrument for traders and investors looking to capitalize on silver's industrial and investment potential. In this blog post, we will explore the intricacies of silver, its markets, and how the Metals-API empowers developers to retrieve real-time silver prices and other valuable data.

Metals-API Information

About Silver (XAG)

Silver, represented by the symbol XAG, is not just a precious metal; it is a critical component in various industrial applications. From electronics to solar panels, silver's unique properties make it indispensable in modern manufacturing. As industries evolve, the demand for silver continues to grow, driven by technological advancements and innovation.

In the realm of smart manufacturing, silver plays a pivotal role. The integration of supply chain technology and digital market analysis allows manufacturers to optimize their processes, ensuring that they can meet the ever-increasing demand for silver. By leveraging real-time data, companies can make strategic decisions that enhance efficiency and reduce costs.

The digital transformation of the metals market has opened new avenues for investment and trading. With the rise of online trading platforms, investors can now access real-time silver prices at their fingertips. This accessibility is crucial for making timely decisions in a volatile market.

API Description

The Metals-API is a powerful tool designed for developers seeking to integrate real-time metals data into their applications. This API provides a comprehensive suite of features that enable users to access up-to-date information on various metals, including silver. The transformative potential of real-time metals data cannot be overstated; it empowers developers to build next-generation applications that can analyze market trends, predict price movements, and optimize trading strategies.

With the Metals-API, developers can access a variety of endpoints that cater to different needs. Whether you are looking for the latest rates, historical data, or conversion capabilities, this API has you covered. The ability to retrieve real-time data updated every few minutes allows for precise market analysis and informed decision-making.

Key Features and Endpoints

The Metals-API offers a range of endpoints that provide valuable functionalities for developers. Here are some of the key features:

  • Latest Rates Endpoint: Depending on your subscription plan, this endpoint returns real-time exchange rate data updated every 60 minutes, every 10 minutes, or even more frequently. This is crucial for traders who need to stay ahead of market movements.
  • Historical Rates Endpoint: Access historical rates for most currencies dating back to 2019. By appending a specific date, developers can query the Metals-API for historical rates, allowing for in-depth market analysis and trend identification.
  • Bid And Ask Endpoint: This powerful feature enables users to retrieve real-time Bid and Ask prices, providing insights into market liquidity and pricing dynamics.
  • Convert Endpoint: The Metals-API includes a currency conversion endpoint, allowing users to convert any amount from one metal to another or to/from USD. This is particularly useful for traders dealing in multiple currencies.
  • Time-Series Endpoint: Query the API for daily historical rates between two dates of your choice. This endpoint is invaluable for analyzing price trends over specific periods.
  • Fluctuation Endpoint: Retrieve information about how currencies fluctuate on a day-to-day basis. This feature helps traders understand market volatility and make informed decisions.
  • Carat Endpoint: Get information about gold rates by carat. This endpoint is essential for jewelers and investors in the gold market.
  • Lowest/Highest Price Endpoint: Query the API to get the lowest and highest price for a specific date, providing insights into market extremes.
  • Open/High/Low/Close (OHLC) Price Endpoint: This endpoint allows users to get the open, high, low, and close price for a specific date, essential for technical analysis.
  • Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, which is crucial for understanding long-term market trends.
  • API Key: Your unique API key is required to access the API's functionalities, ensuring secure and authorized access to the data.
  • API Response: Exchange rates delivered by the Metals-API are by default relative to USD, and all data is returned in a structured JSON format, making it easy to integrate into applications.
  • Available Endpoints: The Metals-API comes with numerous endpoints, each providing different functionalities tailored to various user needs.
  • Supported Symbols Endpoint: This constantly updated endpoint returns all available currencies, ensuring users have access to the latest information.
  • Gold Price India Endpoint: Retrieve the latest gold price in India using the dedicated endpoint, which is particularly useful for investors in the Indian market.
  • News Endpoint: Stay updated with the latest news articles related to various metals, providing context and insights into market movements.

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 specific metals into their applications.

API Endpoint Examples and Responses

Understanding the API's response structure is crucial for effective integration. Below are examples of various endpoints and their corresponding JSON responses:

Latest Rates Endpoint
{
    "success": true,
    "timestamp": 1748131496,
    "base": "USD",
    "date": "2025-05-25",
    "rates": {
        "XAU": 0.000482,
        "XAG": 0.03815,
        "XPT": 0.000912,
        "XPD": 0.000744,
        "XCU": 0.294118,
        "XAL": 0.434783,
        "XNI": 0.142857,
        "XZN": 0.344828
    },
    "unit": "per troy ounce"
}

This response indicates that the API successfully retrieved the latest rates for various metals, including silver (XAG), which is priced at 0.03815 per troy ounce.

Historical Rates Endpoint
{
    "success": true,
    "timestamp": 1748045096,
    "base": "USD",
    "date": "2025-05-24",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This example shows the historical rates for silver and other metals on a specific date, allowing developers to analyze past market behavior.

Time-Series Endpoint
{
    "success": true,
    "timeseries": true,
    "start_date": "2025-05-18",
    "end_date": "2025-05-25",
    "base": "USD",
    "rates": {
        "2025-05-18": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-05-20": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-05-25": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

This response provides a time-series analysis of silver prices over a specified period, enabling developers to visualize trends and fluctuations.

Convert Endpoint
{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1748131496,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

With the Convert Endpoint, users can easily convert amounts between different metals or currencies. In this case, 1000 USD converts to 0.482 troy ounces of gold.

Fluctuation Endpoint
{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-05-18",
    "end_date": "2025-05-25",
    "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
        },
        "XPT": {
            "start_rate": 0.000915,
            "end_rate": 0.000912,
            "change": -3.0e-6,
            "change_pct": -0.33
        }
    },
    "unit": "per troy ounce"
}

This response provides insights into how silver and other metals have fluctuated over a specified period, which is essential for traders looking to capitalize on market movements.

OHLC (Open/High/Low/Close) Endpoint
{
    "success": true,
    "timestamp": 1748131496,
    "base": "USD",
    "date": "2025-05-25",
    "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
        },
        "XPT": {
            "open": 0.000915,
            "high": 0.000918,
            "low": 0.00091,
            "close": 0.000912
        }
    },
    "unit": "per troy ounce"
}

The OHLC endpoint provides critical data for technical analysis, allowing traders to assess market trends based on opening, closing, high, and low prices.

Bid/Ask Endpoint
{
    "success": true,
    "timestamp": 1748131496,
    "base": "USD",
    "date": "2025-05-25",
    "rates": {
        "XAU": {
            "bid": 0.000481,
            "ask": 0.000483,
            "spread": 2.0e-6
        },
        "XAG": {
            "bid": 0.0381,
            "ask": 0.0382,
            "spread": 0.0001
        },
        "XPT": {
            "bid": 0.000911,
            "ask": 0.000913,
            "spread": 2.0e-6
        }
    },
    "unit": "per troy ounce"
}

This endpoint provides current bid and ask prices, which are essential for traders looking to execute orders at the best possible prices.

Conclusion

The Metals-API is an invaluable resource for developers looking to integrate real-time silver prices and other metals data into their applications. By leveraging the various endpoints offered by the API, developers can create sophisticated trading platforms, analytical tools, and market monitoring applications that provide users with the insights they need to make informed decisions.

As the demand for silver continues to grow in industrial applications and investment markets, having access to real-time data becomes increasingly important. The ability to retrieve historical rates, track fluctuations, and convert between different metals and currencies empowers developers to build next-generation applications that can adapt to the dynamic nature of the metals market.

For more information on how to get started with the Metals-API, visit the Metals-API Documentation for detailed guidance on implementation and usage. Explore the Metals-API Supported Symbols page to discover all available metal symbols and their specifications. Finally, for a comprehensive overview of the API's capabilities, check out the Metals-API Website.

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