Get daily average Kochi Silver (XAG-KOCH) prices using this API

Get Daily Average Kochi Silver (XAG-KOCH) Prices Using This API

In the ever-evolving world of precious metals, staying updated with real-time data is crucial for investors, manufacturers, and traders alike. The Metals-API provides a robust solution for accessing daily average prices of silver, specifically for the Kochi market (XAG-KOCH). This blog post delves into the significance of silver, its industrial applications, and how the Metals-API empowers developers to harness real-time data for innovative applications.

About Silver (XAG)

Silver, represented by the symbol XAG, is not just a precious metal; it plays a vital role in various industrial applications. From electronics to solar panels, silver's conductivity and reflective properties make it indispensable in modern technology. The integration of smart manufacturing and supply chain technology has further enhanced the demand for silver, as industries seek to optimize production processes and reduce costs.

In the digital market analysis realm, silver prices are influenced by a myriad of factors, including geopolitical events, currency fluctuations, and market demand. The ability to analyze these trends in real-time is essential for making informed decisions. With the rise of digital platforms, the need for accurate and timely data has never been more critical.

API Description

The Metals-API is a powerful tool that provides developers with access to real-time and historical data for various metals, including silver. This API is designed to facilitate the creation of next-generation applications that require accurate metals pricing data. By leveraging the capabilities of the Metals-API, developers can build applications that cater to traders, manufacturers, and investors, enhancing their decision-making processes.

For more information on how to utilize this API, visit the Metals-API Documentation. Here, you will find detailed instructions on how to implement various features and endpoints effectively.

Key Features and Endpoints

The Metals-API offers a variety of endpoints, each designed to provide specific functionalities that cater to different user needs. Below 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, this endpoint can return data updated every 60 minutes, every 10 minutes, or even more frequently. This feature is essential for traders who need to make quick decisions based on the latest market movements.

{
        "success": true,
        "timestamp": 1753232416,
        "base": "USD",
        "date": "2025-07-23",
        "rates": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912,
            "XPD": 0.000744
        },
        "unit": "per troy ounce"
    }

Historical Rates Endpoint

Accessing historical rates is crucial for analyzing trends over time. The Historical Rates Endpoint allows users to retrieve data dating back to 2019. By appending a specific date to the API call, developers can obtain past rates, which can be invaluable for market analysis and forecasting.

{
        "success": true,
        "timestamp": 1753146016,
        "base": "USD",
        "date": "2025-07-22",
        "rates": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "unit": "per troy ounce"
    }

Bid And Ask Endpoint

The Bid and Ask Endpoint is a powerful feature that provides real-time bid and ask prices for silver and other metals. This information is crucial for traders who need to understand the market dynamics and make informed trading decisions.

{
        "success": true,
        "timestamp": 1753232416,
        "base": "USD",
        "date": "2025-07-23",
        "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"
    }

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 with multiple currencies and need to calculate prices quickly.

{
        "success": true,
        "query": {
            "from": "USD",
            "to": "XAU",
            "amount": 1000
        },
        "info": {
            "timestamp": 1753232416,
            "rate": 0.000482
        },
        "result": 0.482,
        "unit": "troy ounces"
    }

Time-Series Endpoint

The Time-Series Endpoint allows users to query the API for daily historical rates between two dates of their choice. This feature is invaluable for conducting in-depth market analysis and understanding price movements over time.

{
        "success": true,
        "timeseries": true,
        "start_date": "2025-07-16",
        "end_date": "2025-07-23",
        "base": "USD",
        "rates": {
            "2025-07-16": {
                "XAU": 0.000485,
                "XAG": 0.03825
            },
            "2025-07-18": {
                "XAU": 0.000483,
                "XAG": 0.0382
            },
            "2025-07-23": {
                "XAU": 0.000482,
                "XAG": 0.03815
            }
        },
        "unit": "per troy ounce"
    }

Fluctuation Endpoint

The Fluctuation Endpoint provides information about how metal prices fluctuate on a day-to-day basis. This feature is essential for traders looking to understand market volatility and make strategic decisions.

{
        "success": true,
        "fluctuation": true,
        "start_date": "2025-07-16",
        "end_date": "2025-07-23",
        "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 allows users to retrieve the open, high, low, and close prices for a specific time period. This data is crucial for traders who rely on technical analysis to make informed decisions.

{
        "success": true,
        "timestamp": 1753232416,
        "base": "USD",
        "date": "2025-07-23",
        "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"
    }

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 various metals into their applications.

Conclusion

In conclusion, the Metals-API offers a wealth of features that empower developers to create innovative applications centered around precious metals like silver. With real-time data, historical insights, and various endpoints designed for specific functionalities, this API is a game-changer for anyone involved in the metals market. By leveraging the capabilities of the Metals-API, businesses can enhance their decision-making processes, optimize their operations, and stay ahead of market trends.

For further exploration of the API's capabilities, visit the Metals-API Website and dive into the extensive documentation available to help you get started.