Integrate Hyderabad Silver (XAG-HYDE) Historical Prices using this API
Integrate Hyderabad Silver (XAG-HYDE) Historical Prices using this API
In the ever-evolving landscape of financial technology, the ability to access real-time and historical data on precious metals is crucial for developers and businesses alike. One such valuable resource is the Metals-API, which provides comprehensive data on various metals, including Silver (XAG). This blog post will delve into the intricacies of integrating Hyderabad Silver historical prices using the Metals-API, exploring its features, capabilities, and practical applications.
About Silver (XAG)
Silver, represented by the symbol XAG, is not only a precious metal but also a critical component in various industrial applications. Its unique properties make it indispensable in sectors such as electronics, solar energy, and medical technologies. The demand for silver is driven by its conductivity, malleability, and antibacterial properties, leading to continuous innovation in manufacturing processes.
As technology advances, the integration of smart manufacturing techniques and supply chain technologies has transformed how silver is sourced, processed, and distributed. The digital market analysis of silver prices allows stakeholders to make informed decisions based on real-time data, enhancing the overall efficiency of the market. The Metals-API plays a pivotal role in this ecosystem by providing developers with the tools needed to access and analyze silver prices effectively.
API Description
The Metals-API is a powerful tool that offers developers the ability to access real-time and historical data for various metals, including silver. This API is designed to empower developers to build next-generation applications that require accurate and timely metals data. With its innovative features, the Metals-API enables users to retrieve information on metal prices, fluctuations, and historical trends, making it an essential resource for financial analysts, traders, and developers.
For more detailed information, you can refer to the Metals-API Documentation, which provides comprehensive guidance on how to utilize the API effectively.
Key Features and Endpoints
The Metals-API boasts a variety of endpoints that cater to different needs. Hereβs a closer look at some of the key features:
- Latest Rates Endpoint: This endpoint provides real-time exchange rate data for metals, updated every 60 minutes or more frequently depending on your subscription plan. This feature is essential for applications that require up-to-the-minute pricing information.
- Historical Rates Endpoint: Users can access historical rates for most currencies dating back to 2019. By appending a specific date to the API request, developers can retrieve past prices, which is invaluable for trend analysis and forecasting.
- Bid And Ask Endpoint: This feature allows users to retrieve real-time bid and ask prices for metals, providing insights into market dynamics and helping traders make informed decisions.
- Convert Endpoint: The Metals-API includes a currency conversion endpoint, enabling users to convert amounts between different metals or to/from USD. This is particularly useful for applications that require multi-metal pricing.
- Time-Series Endpoint: This endpoint allows users to query the API for daily historical rates between two specified dates, facilitating in-depth analysis of price movements over time.
- Fluctuation Endpoint: Users can track how metal prices fluctuate on a day-to-day basis, providing insights into market volatility and trends.
- Carat Endpoint: This feature allows users to retrieve gold rates by carat, which is essential for jewelers and those in the luxury goods market.
- Lowest/Highest Price Endpoint: This endpoint enables users to query the API for the lowest and highest prices of metals over a specified period, aiding in market analysis.
- Open/High/Low/Close (OHLC) Price Endpoint: Users can access OHLC data for specific time periods, which is crucial for traders looking to analyze market trends.
- Historical LME Endpoint: This endpoint provides access to historical rates for LME symbols dating back to 2008, offering a wealth of data for analysts.
- API Key: Each user is provided with a unique API key, which must be included in requests to authenticate access to the API.
- API Response: The API delivers exchange rates relative to USD by default, ensuring consistency in data interpretation.
- Available Endpoints: The Metals-API features 14 different endpoints, each designed to provide specific functionalities, making it a versatile tool for developers.
- Supported Symbols Endpoint: This endpoint returns a constantly updated list of all available currencies, allowing users to stay informed about the latest symbols.
- News Endpoint: Users can retrieve the latest news articles related to various metals, keeping them updated on market trends and developments.
For a complete list of supported symbols, refer to the Metals-API Supported Symbols page.
API Endpoint Examples and Responses
Understanding how to interact with the Metals-API is crucial for effective integration. Below are examples of various API endpoints along with their expected responses.
Latest Rates Endpoint
To get real-time exchange rates for all available metals, you can use the following request:
{ "success": true, "timestamp": 1768090736, "base": "USD", "date": "2026-01-11", "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" }
Historical Rates Endpoint
Accessing historical exchange rates for any date since 1999 can be done as follows:
{ "success": true, "timestamp": 1768004336, "base": "USD", "date": "2026-01-10", "rates": { "XAU": 0.000485, "XAG": 0.03825, "XPT": 0.000915, "XPD": 0.000748 }, "unit": "per troy ounce" }
Time-series Endpoint
To get exchange rates for a specific time period, use the time-series endpoint:
{ "success": true, "timeseries": true, "start_date": "2026-01-04", "end_date": "2026-01-11", "base": "USD", "rates": { "2026-01-04": { "XAU": 0.000485, "XAG": 0.03825, "XPT": 0.000915 }, "2026-01-06": { "XAU": 0.000483, "XAG": 0.0382, "XPT": 0.000913 }, "2026-01-11": { "XAU": 0.000482, "XAG": 0.03815, "XPT": 0.000912 } }, "unit": "per troy ounce" }
Convert Endpoint
To convert any amount from one metal to another or to/from USD, the request would look like this:
{ "success": true, "query": { "from": "USD", "to": "XAU", "amount": 1000 }, "info": { "timestamp": 1768090736, "rate": 0.000482 }, "result": 0.482, "unit": "troy ounces" }
Fluctuation Endpoint
To track rate fluctuations between two dates, you can use the fluctuation endpoint:
{ "success": true, "fluctuation": true, "start_date": "2026-01-04", "end_date": "2026-01-11", "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" }
OHLC (Open/High/Low/Close) Price Endpoint
To get OHLC data for a specific time period, the request would be structured as follows:
{ "success": true, "timestamp": 1768090736, "base": "USD", "date": "2026-01-11", "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" }
Bid/Ask Endpoint
To get current bid and ask prices for metals, the request would look like this:
{ "success": true, "timestamp": 1768090736, "base": "USD", "date": "2026-01-11", "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" }
Conclusion
Integrating Hyderabad Silver (XAG-HYDE) historical prices using the Metals-API opens up a world of possibilities for developers and businesses seeking to leverage precious metals data. With its robust features, including real-time rates, historical data access, and various endpoints tailored for specific needs, the Metals-API stands out as a vital tool in the financial technology landscape.
By understanding the capabilities of the Metals-API and how to effectively utilize its endpoints, developers can create applications that provide valuable insights into the silver market. Whether you are analyzing price trends, converting currencies, or tracking fluctuations, the Metals-API offers the necessary tools to enhance your applications.
For further exploration, visit the Metals-API Website and dive into the Metals-API Documentation for comprehensive guidance on implementation. Stay informed about the latest symbols and their specifications by checking the Metals-API Supported Symbols page.