How to Retrieve Guwahati Silver (GUWA-XAG) Historical Prices with this API
In the world of precious metals, Silver (XAG) holds a significant place due to its diverse industrial applications and investment potential. For developers and financial analysts looking to retrieve historical prices of Guwahati Silver (GUWA-XAG), the Metals-API offers a robust solution. This blog post will delve into the capabilities of the Metals-API, focusing on how to effectively access historical prices and leverage the API's features for comprehensive market analysis.
About Silver (XAG)
Silver, represented by the symbol XAG, is not only a popular investment asset but also a critical component in various industrial applications. Its unique properties make it invaluable in sectors such as electronics, solar energy, and medical technologies. The demand for silver continues to grow as innovations in technology and manufacturing evolve. For instance, the integration of smart manufacturing techniques has led to increased efficiency in silver production, while advancements in supply chain technology have improved the tracking and distribution of silver products.
Moreover, the digital market analysis of silver prices has become increasingly sophisticated, allowing investors to make informed decisions based on real-time data. The Metals-API plays a crucial role in this landscape by providing developers with the tools needed to access and analyze silver prices effectively.
Understanding Metals-API
The Metals-API is a powerful JSON API that provides real-time and historical data on precious metals, including silver. It empowers developers to build applications that can track metal prices, perform currency conversions, and analyze market trends. The API is designed with innovation in mind, offering features that enable seamless integration into various applications.
One of the standout features of the Metals-API is its ability to deliver real-time data, which is essential for developers looking to create applications that require up-to-date information. The API supports multiple endpoints, each tailored to specific functionalities, such as retrieving the latest rates, historical data, and even bid and ask prices.
Key Features of Metals-API
The Metals-API offers a variety of endpoints that cater to different needs. Here 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 updates every 60 minutes or even more frequently. This feature is particularly useful for applications that require the most current pricing information.
{
"success": true,
"timestamp": 1762506047,
"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
For those interested in analyzing trends over time, the Historical Rates endpoint allows users to access historical exchange rates dating back to 2019. By appending a specific date to the API request, developers can retrieve past prices, which is essential for market analysis and forecasting.
{
"success": true,
"timestamp": 1762419647,
"base": "USD",
"date": "2025-11-06",
"rates": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915
},
"unit": "per troy ounce"
}Bid and Ask Endpoint
The Bid and Ask endpoint provides real-time bid and ask prices for silver and other metals. This feature is crucial for traders who need to understand the market dynamics and make informed trading decisions.
{
"success": true,
"timestamp": 1762506047,
"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"
}Convert Endpoint
The Convert endpoint allows users to convert amounts from one metal to another or to/from USD. This feature is particularly useful for applications that require currency conversion for pricing or reporting purposes.
{
"success": true,
"query": {
"from": "USD",
"to": "XAU",
"amount": 1000
},
"info": {
"timestamp": 1762506047,
"rate": 0.000482
},
"result": 0.482,
"unit": "troy ounces"
}Time-Series Endpoint
The Time-Series endpoint allows developers to query the API for daily historical rates between two specified dates. This is particularly useful for analyzing price movements over a specific period, enabling users to identify trends and make predictions.
{
"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"
}Fluctuation Endpoint
The Fluctuation endpoint provides information about how prices fluctuate on a day-to-day basis. This feature is essential for understanding market volatility and making informed trading decisions.
{
"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 endpoint provides data on the open, high, low, and close prices for a specific time period. This information is vital for traders who rely on technical analysis to make decisions.
{
"success": true,
"timestamp": 1762506047,
"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"
}Historical LME Endpoint
The Historical LME endpoint provides access to historical rates for LME symbols dating back to 2008. This feature is particularly useful for those interested in the London Metal Exchange prices.
Authentication and API Key
To access the Metals-API, you will need an API key, which is a unique identifier passed into the API base URL's access_key parameter. This key is essential for authentication and ensures that your requests are authorized. Make sure to keep your API key secure and avoid sharing it publicly.
Common Use Cases
Developers can leverage the Metals-API for various applications, including:
- Building financial dashboards that display real-time and historical metal prices.
- Creating trading algorithms that utilize real-time data to make buy/sell decisions.
- Integrating with e-commerce platforms to provide accurate pricing for silver products.
- Developing mobile applications that track metal prices for investors on the go.
Performance Optimization and Best Practices
When working with the Metals-API, consider the following best practices to optimize performance:
- Implement caching strategies to reduce the number of API calls and improve response times.
- Use batch requests when possible to minimize the number of individual API calls.
- Monitor your API usage to stay within rate limits and avoid throttling.
- Handle errors gracefully and implement retry logic for failed requests.
Conclusion
In conclusion, the Metals-API provides a comprehensive solution for retrieving historical prices of Guwahati Silver (GUWA-XAG) and other precious metals. With its robust features, including real-time data access, historical rates, and various endpoints, developers can create powerful applications that cater to the needs of investors and analysts alike. By leveraging the capabilities of the Metals-API, you can stay ahead in the dynamic world of precious metals trading.
For more information on how to implement these features, refer to the Metals-API Documentation and explore the Metals-API Supported Symbols for a complete list of available metals. Start integrating the Metals-API into your applications today and unlock the potential of real-time metals data.