Discover Mangalore Silver (MANG-XAG) Historical Prices using this API
In the world of precious metals, Mangalore Silver (XAG) stands out not only for its intrinsic value but also for its diverse applications across various industries. As a developer or a financial analyst, understanding the historical prices of silver can provide valuable insights into market trends and investment opportunities. This blog post will guide you through the process of accessing historical prices for Mangalore Silver using the Metals-API, a powerful tool designed for real-time metals data.
About Silver (XAG)
Silver, represented by the symbol XAG, is not just a precious metal; it plays a crucial role in various industrial applications. From electronics to solar panels, silver's conductivity and reflectivity make it an essential component in modern technology. The innovation in manufacturing processes has led to increased demand for silver, particularly in the fields of renewable energy and electronics. As industries evolve, the integration of smart manufacturing technologies and supply chain advancements further enhances the demand for silver.
Moreover, the digital market analysis of silver prices reveals significant fluctuations influenced by global economic conditions, geopolitical events, and market speculation. Understanding these dynamics is essential for developers looking to create applications that analyze or predict silver price movements. The Metals-API Documentation provides comprehensive guidelines on how to leverage this data effectively.
Metals-API Overview
The Metals-API is a robust platform that offers developers access to real-time and historical data for various metals, including silver. With its innovative features, the API empowers developers to build next-generation applications that can analyze market trends, perform currency conversions, and track price fluctuations. The API provides a variety of endpoints, each designed to cater to specific needs, from retrieving the latest rates to accessing historical data dating back to 2019.
Key Features of Metals-API
The Metals-API boasts several key features that make it an invaluable resource for developers:
- Latest Rates Endpoint: This endpoint provides real-time exchange rate data for silver and other metals, updated every 60 minutes or more frequently depending on your subscription plan. This feature is crucial for applications that require up-to-the-minute pricing information.
- Historical Rates Endpoint: Access historical rates for silver dating back to 2019. By appending a specific date to your query, you can retrieve past prices, which is essential for trend analysis and forecasting.
- Bid and Ask Endpoint: This powerful feature allows you to retrieve real-time bid and ask prices for silver, providing insights into market liquidity and pricing strategies.
- Convert Endpoint: The API includes a currency conversion feature, enabling you to convert amounts from one metal to another or to/from USD, which is particularly useful for financial applications.
- Time-Series Endpoint: Query the API for daily historical rates between two dates of your choice, allowing for detailed analysis of price movements over time.
- Fluctuation Endpoint: Track how silver prices fluctuate on a day-to-day basis, providing insights into market volatility and trends.
- Open/High/Low/Close (OHLC) Price Endpoint: Retrieve detailed OHLC data for silver over a specified time period, which is essential for technical analysis and trading strategies.
- Lowest/Highest Price Endpoint: This endpoint allows you to query the API for the lowest and highest prices of silver on a given date, helping you identify price extremes.
- Historical LME Endpoint: Access historical rates for LME symbols, dating back to 2008, which is beneficial for comprehensive market analysis.
- News Endpoint: Stay updated with the latest news articles related to silver and other metals, which can impact market conditions and investor sentiment.
Understanding API Responses
When you make a request to the Metals-API, the response will typically include several fields that provide valuable information. Hereβs a breakdown of the key response fields you can expect:
- success: A boolean indicating whether the API request was successful.
- timestamp: The time at which the data was retrieved, useful for ensuring data relevance.
- base: The base currency for the exchange rates, typically USD.
- date: The date for which the rates are applicable.
- rates: An object containing the exchange rates for various metals, including silver (XAG).
- unit: The unit of measurement for the rates, usually per troy ounce.
Example API Responses
To illustrate how the API works, here are some example responses for different endpoints:
Latest Rates Endpoint
{
"success": true,
"timestamp": 1762038036,
"base": "USD",
"date": "2025-11-01",
"rates": {
"XAU": 0.000482,
"XAG": 0.03815,
"XPT": 0.000912,
"XPD": 0.000744
},
"unit": "per troy ounce"
}
Historical Rates Endpoint
{
"success": true,
"timestamp": 1761951636,
"base": "USD",
"date": "2025-10-31",
"rates": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915,
"XPD": 0.000748
},
"unit": "per troy ounce"
}
Time-Series Endpoint
{
"success": true,
"timeseries": true,
"start_date": "2025-10-25",
"end_date": "2025-11-01",
"base": "USD",
"rates": {
"2025-10-25": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915
},
"2025-10-27": {
"XAU": 0.000483,
"XAG": 0.0382,
"XPT": 0.000913
},
"2025-11-01": {
"XAU": 0.000482,
"XAG": 0.03815,
"XPT": 0.000912
}
},
"unit": "per troy ounce"
}
Practical Use Cases
Understanding how to effectively use the Metals-API can open up numerous opportunities for developers. Here are some practical use cases:
- Investment Analysis: By accessing historical price data, developers can create applications that analyze trends and provide investment recommendations based on past performance.
- Market Monitoring: Real-time data can be integrated into trading platforms to help users make informed decisions based on current market conditions.
- Financial Reporting: Businesses can utilize the API to generate reports on silver prices for financial analysis and forecasting.
- Educational Tools: Developers can build educational platforms that teach users about the silver market, utilizing real-time data to enhance learning experiences.
Conclusion
In conclusion, Mangalore Silver (XAG) is a vital component of the global economy, and understanding its historical prices is essential for making informed investment decisions. The Metals-API provides a comprehensive suite of tools for accessing real-time and historical data, enabling developers to create innovative applications that analyze market trends and fluctuations. By leveraging the capabilities of this API, you can gain valuable insights into the silver market and enhance your financial analysis capabilities.
For more information on how to get started, refer to the Metals-API Documentation and explore the Metals-API Supported Symbols for a complete list of available metals. Embrace the power of real-time metals data and transform your approach to market analysis today!