How to retrieve Mysore Silver (MYSO-XAG) prices using this API

Introduction

In the world of precious metals trading, staying updated with real-time prices is crucial for investors and developers alike. One of the most sought-after metals is silver, represented by the symbol XAG. With the rise of technology and digital platforms, accessing accurate and timely data has become easier than ever, thanks to APIs like the Metals-API. This blog post will delve into how to retrieve Mysore Silver (MYSO-XAG) prices using this powerful API, exploring its features, capabilities, and the transformative potential of real-time metals data.

Metals-API Information

About Silver (XAG)

Silver, known by its chemical symbol XAG, is not only a precious metal but also a vital component in various industrial applications. Its unique properties make it indispensable in electronics, solar panels, and medical devices. As technology advances, the demand for silver continues to grow, leading to innovations in manufacturing processes. Smart manufacturing integration and supply chain technology are revolutionizing how silver is sourced, processed, and delivered to markets.

Moreover, the digital market analysis of silver prices allows investors to make informed decisions. By leveraging real-time data, developers can create applications that provide insights into market trends, helping users navigate the complexities of silver trading. The integration of advanced analytics and machine learning can further enhance the understanding of price fluctuations, enabling predictive modeling and strategic planning.

API Description

The Metals-API is designed to provide developers with comprehensive access to real-time and historical data on various metals, including silver. This API empowers developers to build next-generation applications that can track prices, analyze trends, and convert currencies seamlessly. With its innovative capabilities, the Metals-API transforms how developers interact with metals data, making it an essential tool for anyone involved in the trading or investment of precious metals.

One of the standout features of the Metals-API is its ability to deliver real-time exchange rate data. Depending on your subscription plan, the API can update rates every 60 minutes or even every 10 minutes, ensuring that users have access to the most current information. This capability is crucial for traders who need to make quick decisions based on market movements.

Key Features and Endpoints

The Metals-API offers a variety of endpoints, each designed to cater to specific needs within the metals trading ecosystem. Here are some of the key features:

• Latest Rates Endpoint: This endpoint provides real-time exchange rate data for all available metals. For example, if you query the latest rates, you might receive a response like this:

{
    "success": true,
    "timestamp": 1763946187,
    "base": "USD",
    "date": "2025-11-24",
    "rates": {
        "XAU": 0.000482,
        "XAG": 0.03815,
        "XPT": 0.000912,
        "XPD": 0.000744
    },
    "unit": "per troy ounce"
}

This response indicates the current price of silver (XAG) in relation to USD, allowing traders to make informed decisions based on the latest market data.

• Historical Rates Endpoint: Access historical exchange rates dating back to 2019. This feature is particularly useful for analyzing trends over time. For instance, querying historical rates may yield:

{
    "success": true,
    "timestamp": 1763859787,
    "base": "USD",
    "date": "2025-11-23",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825
    },
    "unit": "per troy ounce"
}

Such data can help in understanding how silver prices have fluctuated over specific periods, aiding in strategic investment planning.

• Bid And Ask Endpoint: This powerful feature allows users to retrieve real-time bid and ask prices for metals. For example:

{
    "success": true,
    "timestamp": 1763946187,
    "base": "USD",
    "date": "2025-11-24",
    "rates": {
        "XAG": {
            "bid": 0.0381,
            "ask": 0.0382,
            "spread": 0.0001
        }
    },
    "unit": "per troy ounce"
}

This information is crucial for traders looking to execute buy or sell orders at optimal prices.

• Convert Endpoint: The Metals-API also includes a currency conversion endpoint, allowing users to convert amounts between different metals or to/from USD. For instance:

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAG",
        "amount": 1000
    },
    "info": {
        "timestamp": 1763946187,
        "rate": 0.03815
    },
    "result": 38.15,
    "unit": "troy ounces"
}

This feature simplifies the process of calculating the value of silver in different currencies, making it easier for investors to assess their holdings.

• Time-Series Endpoint: This endpoint allows users to query daily historical rates between two dates of their choice. For example:

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-11-17",
    "end_date": "2025-11-24",
    "base": "USD",
    "rates": {
        "2025-11-17": {
            "XAG": 0.03825
        },
        "2025-11-24": {
            "XAG": 0.03815
        }
    },
    "unit": "per troy ounce"
}

This data is invaluable for analyzing trends and making predictions based on historical performance.

• Fluctuation Endpoint: Track rate fluctuations between two dates to understand market volatility. For instance:

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-11-17",
    "end_date": "2025-11-24",
    "base": "USD",
    "rates": {
        "XAG": {
            "start_rate": 0.03825,
            "end_rate": 0.03815,
            "change": -0.0001,
            "change_pct": -0.26
        }
    },
    "unit": "per troy ounce"
}

This endpoint provides insights into how silver prices change over time, which can be crucial for traders looking to capitalize on market movements.

• Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides open, high, low, and close prices for a specific time period. For example:

{
    "success": true,
    "timestamp": 1763946187,
    "base": "USD",
    "date": "2025-11-24",
    "rates": {
        "XAG": {
            "open": 0.03825,
            "high": 0.0383,
            "low": 0.0381,
            "close": 0.03815
        }
    },
    "unit": "per troy ounce"
}

This data is essential for technical analysis, allowing traders to identify patterns and make informed decisions.

• Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008. This endpoint is particularly useful for those interested in long-term trends and historical analysis.

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 robust and versatile solution for retrieving Mysore Silver (MYSO-XAG) prices and other precious metals data. With its extensive range of endpoints, developers can access real-time rates, historical data, and perform conversions with ease. The API's capabilities empower users to build innovative applications that can analyze market trends, track fluctuations, and provide valuable insights into the world of precious metals trading.

By leveraging the features of the Metals-API, developers can enhance their applications, providing users with the tools they need to navigate the complexities of the metals market effectively. Whether you are a trader, investor, or developer, understanding how to utilize this API can significantly impact your success in the precious metals arena.