Get Chennai Silver (XAG-CHEN) Yearly Historical Data using this API
Get Chennai Silver (XAG-CHEN) Yearly Historical Data using this API
In the world of precious metals, silver (XAG) holds a significant position due to its diverse industrial applications and investment potential. For developers and businesses looking to access historical data on silver prices, the Metals-API offers a robust solution. This blog post will delve into the intricacies of obtaining Chennai Silver (XAG-CHEN) yearly historical data using the Metals-API, exploring its features, capabilities, and practical applications.
About Silver (XAG)
Silver, represented by the symbol XAG, is not just a precious metal used in jewelry and coins; it plays a crucial role in various industrial applications. From electronics to solar panels, silver's conductivity and reflective properties make it indispensable in modern technology. The innovation surrounding silver extends to smart manufacturing, where its integration into advanced technologies enhances production efficiency.
Moreover, the digital market analysis of silver prices has gained traction, allowing investors to make informed decisions based on real-time data. The advent of supply chain technology has also transformed how silver is sourced and distributed, ensuring transparency and efficiency in the market. As a result, understanding the historical prices of silver is vital for stakeholders in the industry.
API Description
The Metals-API is a powerful tool that provides real-time and historical data for various metals, including silver. This API empowers developers to create next-generation applications that leverage real-time metals data for analytics, trading, and investment purposes. With its innovative features, the Metals-API stands out as a transformative solution in the financial technology landscape.
For more detailed information, you can visit the Metals-API Website or explore the Metals-API Documentation for comprehensive guidance on implementation.
Key Features and Endpoints
The Metals-API boasts a variety of endpoints that cater to different needs, enabling users to access the latest rates, historical data, and more. Hereβs a closer look at 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, this endpoint updates every 60 minutes or every 10 minutes, ensuring that you have the most current information at your fingertips. This feature is particularly useful for traders and investors who need to make quick decisions based on market fluctuations.
{
"success": true,
"timestamp": 1762520527,
"base": "USD",
"date": "2025-11-07",
"rates": {
"XAU": 0.000482,
"XAG": 0.03815,
"XPT": 0.000912,
"XPD": 0.000744
},
"unit": "per troy ounce"
}
Historical Rates Endpoint
The Historical Rates Endpoint allows users to access historical exchange rates for silver dating back to 2019. By appending a specific date to your query, you can retrieve historical prices, which is essential for trend analysis and forecasting.
{
"success": true,
"timestamp": 1762434127,
"base": "USD",
"date": "2025-11-06",
"rates": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915
},
"unit": "per troy ounce"
}
Time-Series Endpoint
The Time-Series Endpoint enables users to query daily historical rates between two dates of their choice. This feature is invaluable for analyzing price trends over specific periods, allowing for more informed investment decisions.
{
"success": true,
"timeseries": true,
"start_date": "2025-10-31",
"end_date": "2025-11-07",
"base": "USD",
"rates": {
"2025-10-31": {
"XAU": 0.000485,
"XAG": 0.03825
},
"2025-11-02": {
"XAU": 0.000483,
"XAG": 0.0382
},
"2025-11-07": {
"XAU": 0.000482,
"XAG": 0.03815
}
},
"unit": "per troy ounce"
}
Convert Endpoint
The Convert Endpoint allows users to convert any amount from one metal to another or to/from USD. This feature is particularly useful for businesses that deal in multiple currencies and need to calculate prices based on current exchange rates.
{
"success": true,
"query": {
"from": "USD",
"to": "XAU",
"amount": 1000
},
"info": {
"timestamp": 1762520527,
"rate": 0.000482
},
"result": 0.482,
"unit": "troy ounces"
}
Fluctuation Endpoint
The Fluctuation Endpoint provides insights into how silver prices fluctuate on a day-to-day basis. By tracking rate changes between two dates, users can gain a better understanding of market volatility.
{
"success": true,
"fluctuation": true,
"start_date": "2025-10-31",
"end_date": "2025-11-07",
"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 by offering the open, high, low, and close prices for a specific time period. This information is crucial for technical analysis and helps traders identify market trends.
{
"success": true,
"timestamp": 1762520527,
"base": "USD",
"date": "2025-11-07",
"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 allows users to retrieve current bid and ask prices for silver and other metals. This feature is particularly useful for traders looking to make informed decisions based on the current market spread.
{
"success": true,
"timestamp": 1762520527,
"base": "USD",
"date": "2025-11-07",
"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 offers a powerful and flexible solution for accessing historical and real-time data on silver prices, including Chennai Silver (XAG-CHEN). With its diverse endpoints, developers can create applications that analyze market trends, convert currencies, and track fluctuations effectively. By leveraging the capabilities of the Metals-API, businesses can enhance their decision-making processes and stay ahead in the competitive landscape of precious metals trading.
For further exploration of the API's features and to start integrating it into your applications, visit the Metals-API Website and check out the Metals-API Documentation for detailed guidance. Understanding the historical data and real-time rates of silver will empower you to make informed decisions in your trading and investment strategies.