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Get Surat Silver (XAG-SURA) prices using this API

Get Surat Silver (XAG-SURA) prices using this API

Get Surat Silver (XAG-SURA) prices using this API

Introduction

In the world of precious metals, Silver (XAG) holds a significant position not only as a valuable asset but also as a crucial component in various industrial applications. With the rise of technology and smart manufacturing, the demand for real-time data on silver prices has become paramount. This is where the Metals-API comes into play, offering developers a powerful tool to access live and historical silver prices, along with a suite of features that enhance market analysis and decision-making.

About Silver (XAG)

Silver, represented by the symbol XAG, is not just a precious metal used for jewelry and investment; it plays a vital role in numerous industrial applications. From electronics to solar panels, silver's conductivity and reflective properties make it indispensable in modern technology. As industries evolve, the integration of smart manufacturing and supply chain technology has further amplified the need for accurate and timely data on silver prices.

In the digital age, market analysis has transformed. Companies are leveraging data analytics to forecast trends, optimize production, and manage inventory. The ability to access real-time silver prices through APIs like Metals-API allows businesses to make informed decisions, ensuring they remain competitive in a rapidly changing market.

Industrial Applications and Innovation

Silver's industrial applications are vast. In electronics, it is used in circuit boards and connectors due to its excellent conductivity. The automotive industry utilizes silver in various components, including batteries and sensors. Furthermore, the renewable energy sector relies on silver for photovoltaic cells in solar panels, making it a key player in the transition to sustainable energy.

Innovation in manufacturing processes, such as 3D printing and nanotechnology, has also opened new avenues for silver usage. As these technologies advance, the demand for real-time pricing data becomes crucial for manufacturers to adjust their strategies and pricing models accordingly.

Technology in Manufacturing

The integration of technology in manufacturing processes has led to the emergence of smart factories. These facilities utilize IoT devices and data analytics to optimize production efficiency. By incorporating real-time silver price data from the Metals-API, manufacturers can better manage their supply chains, ensuring they purchase silver at the most advantageous prices.

Digital Market Analysis

Understanding market trends is essential for any business involved in the trading or utilization of silver. The Metals-API provides developers with the tools to conduct comprehensive market analysis. By utilizing the API's various endpoints, businesses can track price fluctuations, analyze historical data, and forecast future trends, enabling them to make strategic decisions based on solid data.

Smart Manufacturing Integration

Smart manufacturing is not just about automation; it's about leveraging data to drive decisions. The Metals-API allows for seamless integration into existing manufacturing systems, providing real-time data that can be used to adjust production schedules, manage inventory levels, and optimize purchasing strategies. This integration ensures that manufacturers can respond swiftly to market changes, maintaining their competitive edge.

API Description

The Metals-API is a robust platform designed to provide developers with real-time and historical data on various metals, including silver. It empowers businesses to build next-generation applications that rely on accurate metals pricing. The API's capabilities extend beyond mere price retrieval; it offers a comprehensive suite of features that can transform how businesses interact with metals markets.

With the Metals-API, developers can access a variety of endpoints tailored to different needs. Whether you require the latest rates, historical data, or conversion capabilities, this API has you covered. The transformative potential of real-time metals data cannot be overstated, as it enables businesses to make informed decisions based on the most current market conditions.

Key Features and Endpoints

The Metals-API offers several key features that cater to the diverse needs of developers and businesses:

  • 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 feature is essential for businesses that need to stay updated on the latest market conditions.
  • Historical Rates Endpoint: Access historical rates for most currencies dating back to 2019. By appending a specific date to your query, you can retrieve past prices, which is invaluable for trend analysis and forecasting.
  • Bid And Ask Endpoint: This powerful feature allows you to retrieve real-time bid and ask prices for silver and other metals. Understanding the bid-ask spread is crucial for traders looking to optimize their buying and selling strategies.
  • Convert Endpoint: The Metals-API includes a currency conversion endpoint, enabling you to convert any amount from one metal to another or to/from USD. This feature is particularly useful for businesses operating in multiple currencies.
  • Time-Series Endpoint: Query the API for daily historical rates between two dates of your choice. This endpoint is perfect for analyzing trends over specific periods, helping businesses make data-driven decisions.
  • Fluctuation Endpoint: Retrieve information about how silver prices fluctuate on a day-to-day basis. This endpoint is essential for understanding market volatility and making informed trading decisions.
  • Carat Endpoint: Access gold rates by carat using this endpoint. This feature is particularly useful for jewelers and businesses dealing with precious metals in various forms.
  • Lowest/Highest Price Endpoint: Query the API to get the lowest and highest price of silver over a specified period. This information can help businesses identify optimal buying and selling points.
  • Open/High/Low/Close (OHLC) Price Endpoint: Get the open, high, low, and close prices for silver over a specific time period. This data is crucial for traders looking to analyze market performance.
  • Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008. This endpoint is invaluable for businesses that need to analyze long-term trends in the metals market.
  • API Key: Your unique API key is required to access the Metals-API. This key must be passed into the API base URL's access_key parameter to authenticate your requests.
  • API Response: The exchange rates delivered by the Metals-API are by default relative to USD. All data is returned in a structured JSON format, making it easy to integrate into applications.
  • Available Endpoints: The Metals-API comes with multiple endpoints, each providing different functionalities. Developers can choose the endpoints that best suit their needs.
  • Supported Symbols Endpoint: This constantly updated endpoint returns all available currencies and metal symbols, allowing developers to stay informed about the latest offerings.
  • Gold Price India Endpoint: Retrieve the latest gold price in India using this dedicated endpoint, which is particularly useful for businesses operating in the Indian market.
  • News Endpoint: Stay updated with the latest news articles related to various metals through the Metals-API news endpoint. This feature helps businesses stay informed about market trends and developments.

API Endpoint Examples and Responses

Understanding how to interact with the Metals-API is crucial for developers. Below are examples of various API endpoints, showcasing their functionality and the structure of the responses.

Latest Rates Endpoint

Get real-time exchange rates for all available metals:

{
    "success": true,
    "timestamp": 1746255617,
    "base": "USD",
    "date": "2025-05-03",
    "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 prices for various metals, with XAG representing the price of silver per troy ounce.

Historical Rates Endpoint

Access historical exchange rates for any date since 1999:

{
    "success": true,
    "timestamp": 1746169217,
    "base": "USD",
    "date": "2025-05-02",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This response provides historical data for silver and other metals, allowing businesses to analyze past trends and make informed decisions.

Time-Series Endpoint

Get exchange rates for a specific time period:

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-04-26",
    "end_date": "2025-05-03",
    "base": "USD",
    "rates": {
        "2025-04-26": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-04-28": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-05-03": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

This endpoint allows users to track price changes over a specified period, providing valuable insights into market trends.

Convert Endpoint

Convert any amount from one metal to another or to/from USD:

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1746255617,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This response shows how the API can convert an amount from USD to gold, providing the conversion rate and the resulting quantity in troy ounces.

Fluctuation Endpoint

Track rate fluctuations between two dates:

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-04-26",
    "end_date": "2025-05-03",
    "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 endpoint provides insights into how silver prices have changed over a specified period, helping traders understand market dynamics.

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

Get OHLC data for a specific time period:

{
    "success": true,
    "timestamp": 1746255617,
    "base": "USD",
    "date": "2025-05-03",
    "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 provides a comprehensive view of the price movements for silver, allowing traders to analyze market performance over a specific period.

Bid/Ask Endpoint

Get current bid and ask prices for metals:

{
    "success": true,
    "timestamp": 1746255617,
    "base": "USD",
    "date": "2025-05-03",
    "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 essential information for traders, allowing them to understand the current market conditions and make informed trading decisions.

Conclusion

The Metals-API is an invaluable resource for developers and businesses involved in the silver market. By providing real-time and historical data, the API empowers users to make informed decisions based on accurate market information. The various endpoints offered by the Metals-API cater to a wide range of needs, from tracking price fluctuations to converting currencies.

As industries continue to evolve and the demand for silver grows, having access to reliable data will be crucial for businesses looking to maintain a competitive edge. By leveraging the capabilities of the Metals-API, developers can build innovative applications that enhance market analysis and optimize decision-making processes.

For more information on how to integrate the Metals-API into your applications, visit the Metals-API Documentation and explore the comprehensive Metals-API Supported Symbols list. Stay ahead in the metals market by utilizing the powerful features offered by the Metals-API Website.

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