Fetch Mumbai Silver (MUMB-XAG) market prices through this API

Introduction

In the dynamic world of precious metals trading, accessing real-time market data is crucial for developers and businesses alike. One such valuable resource is the Metals-API, which provides comprehensive data on various metals, including Silver (XAG). This blog post will delve into the intricacies of the Silver market, the innovative features of the Metals-API, and how developers can leverage this powerful tool to build next-generation applications.

About Silver (XAG)

Silver, represented by the symbol XAG, is not only a precious metal but also a critical component in various industrial applications. Its unique properties make it an essential material in electronics, solar panels, and medical devices. As technology advances, the demand for silver in manufacturing continues to grow, driven by innovations in smart manufacturing and supply chain technology.

In the realm of digital market analysis, silver's price fluctuations can be influenced by various factors, including geopolitical events, economic indicators, and changes in industrial demand. Understanding these dynamics is vital for developers looking to create applications that analyze market trends and provide insights to investors.

Industrial Applications and Innovation

The industrial applications of silver are vast. In electronics, silver is used in conductive inks and coatings, enhancing the performance of devices. The rise of renewable energy technologies, particularly solar energy, has further increased the demand for silver. As manufacturers integrate smart technologies into their processes, the need for real-time data on silver prices becomes paramount.

Technology in Manufacturing

Modern manufacturing processes are increasingly reliant on data-driven decision-making. The integration of technology in manufacturing allows for better tracking of material costs, including silver. With the Metals-API, developers can access real-time pricing data, enabling manufacturers to optimize their procurement strategies and reduce costs.

Digital Market Analysis

Digital market analysis tools are essential for understanding the trends and movements in the silver market. By utilizing the Metals-API, developers can create applications that analyze historical data, track price fluctuations, and provide predictive analytics. This capability empowers businesses to make informed decisions based on comprehensive market insights.

Smart Manufacturing Integration

Smart manufacturing involves the use of IoT devices and data analytics to enhance production efficiency. By integrating the Metals-API into their systems, manufacturers can receive real-time updates on silver prices, allowing them to adjust their operations dynamically. This integration not only improves efficiency but also helps in maintaining competitive pricing in the market.

Supply Chain Technology

Effective supply chain management is crucial for businesses dealing with precious metals. The Metals-API provides valuable data that can help companies manage their supply chains more effectively. By accessing real-time silver prices, businesses can make timely decisions regarding inventory management and procurement, ensuring they remain agile in a fluctuating market.

API Description

The Metals-API is a robust tool designed to provide developers with real-time and historical data on various metals, including silver. This API empowers developers to build applications that can analyze market trends, track price movements, and convert currencies seamlessly. With its innovative features, the Metals-API is transforming how businesses interact with metals data.

For more detailed information, developers can refer to the Metals-API Documentation, which outlines the various endpoints and their functionalities.

Key Features and Endpoints

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

• Latest Rates Endpoint: This endpoint provides real-time exchange rate data for silver and other metals. Depending on the subscription plan, updates can occur every 60 minutes or even more frequently.
• Historical Rates Endpoint: Developers can access historical rates dating back to 2019, allowing for in-depth analysis of price trends over time.
• Bid And Ask Endpoint: This feature enables users to retrieve real-time bid and ask prices, essential for traders looking to make informed decisions.
• Convert Endpoint: The API includes a currency conversion feature, allowing users to convert amounts between different metals and currencies.
• Time-Series Endpoint: This endpoint allows for querying daily historical rates between two specified dates, providing insights into price movements over time.
• Fluctuation Endpoint: Users can track how silver prices fluctuate on a day-to-day basis, which is crucial for understanding market volatility.
• Carat Endpoint: This feature provides information about gold rates by carat, useful for jewelers and investors.
• Lowest/Highest Price Endpoint: This endpoint allows users to query the lowest and highest prices for silver over a specified period.
• Open/High/Low/Close (OHLC) Price Endpoint: Users can access open, high, low, and close prices for silver, which are essential for technical analysis.
• Historical LME Endpoint: This endpoint provides access to historical rates for LME symbols, dating back to 2008.
• API Key: Each user receives a unique API key, which is necessary for accessing the API's features securely.
• API Response: The API delivers exchange rates relative to USD, ensuring consistency in data presentation.
• Available Endpoints: The Metals-API includes 14 endpoints, each designed to provide specific functionalities.
• Supported Symbols Endpoint: This endpoint returns a constantly updated list of all available currencies and metals.
• News Endpoint: Users can retrieve the latest news articles related to various metals, keeping them informed about market developments.

For a complete list of supported symbols, developers can visit the Metals-API Supported Symbols page.

API Endpoint Examples and Responses

Understanding the API responses is crucial for effective implementation. Below are examples of various endpoints and their expected responses:

Latest Rates Endpoint

The Latest Rates Endpoint provides real-time exchange rates for all available metals. Here’s an example response:

{
"success": true,
"timestamp": 1764892867,
"base": "USD",
"date": "2025-12-05",
"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"
}

In this response, the rates object contains the current price of silver (XAG) along with other metals, all expressed in terms of USD per troy ounce.

Historical Rates Endpoint

Accessing historical exchange rates is essential for analyzing trends. Here’s an example response:

{
"success": true,
"timestamp": 1764806467,
"base": "USD",
"date": "2025-12-04",
"rates": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915,
"XPD": 0.000748
},
"unit": "per troy ounce"
}

This response shows the historical price of silver on a specific date, allowing developers to analyze past market behavior.

Time-series Endpoint

The Time-series Endpoint allows querying exchange rates for a specific period. Here’s an example response:

{
"success": true,
"timeseries": true,
"start_date": "2025-11-28",
"end_date": "2025-12-05",
"base": "USD",
"rates": {
"2025-11-28": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915
},
"2025-11-30": {
"XAU": 0.000483,
"XAG": 0.0382,
"XPT": 0.000913
},
"2025-12-05": {
"XAU": 0.000482,
"XAG": 0.03815,
"XPT": 0.000912
}
},
"unit": "per troy ounce"
}

This response provides daily rates for silver over a specified period, enabling developers to analyze trends and fluctuations.

Convert Endpoint

The Convert Endpoint allows users to convert amounts between different metals or to/from USD. Here’s an example response:

{
"success": true,
"query": {
"from": "USD",
"to": "XAU",
"amount": 1000
},
"info": {
"timestamp": 1764892867,
"rate": 0.000482
},
"result": 0.482,
"unit": "troy ounces"
}

This response indicates the conversion of 1000 USD to its equivalent in gold (XAU), showcasing the API's versatility in handling different metals.

Fluctuation Endpoint

The Fluctuation Endpoint tracks rate fluctuations between two dates. Here’s an example response:

{
"success": true,
"fluctuation": true,
"start_date": "2025-11-28",
"end_date": "2025-12-05",
"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 prices have changed over a specified period, which is crucial for traders and analysts.

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

The OHLC Price Endpoint provides open, high, low, and close prices for a specific time period. Here’s an example response:

{
"success": true,
"timestamp": 1764892867,
"base": "USD",
"date": "2025-12-05",
"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"
}

This response is essential for traders who rely on technical analysis to make informed decisions based on price movements.

Bid/Ask Endpoint

The Bid/Ask Endpoint provides current bid and ask prices for metals. Here’s an example response:

{
"success": true,
"timestamp": 1764892867,
"base": "USD",
"date": "2025-12-05",
"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 response is crucial for traders who need to know the current market conditions for buying and selling silver.

Conclusion

The Metals-API is a powerful tool that provides developers with the necessary resources to access real-time and historical data on silver and other metals. By leveraging the various endpoints, developers can create applications that analyze market trends, track price fluctuations, and optimize procurement strategies. The integration of this API into manufacturing and trading processes can lead to significant improvements in efficiency and decision-making.

For more information on how to get started with the Metals-API, visit the Metals-API Website and explore the comprehensive Metals-API Documentation for detailed guidance on implementation.

As the demand for silver continues to grow in various industries, having access to accurate and timely data will be essential for businesses looking to thrive in this competitive market. Embrace the power of the Metals-API and unlock the potential of real-time metals data for your applications.