Obtain Chennai Silver (XAG-CHEN) Historical Prices with this API

In the world of precious metals, silver (XAG) holds a significant place not only as a valuable asset but also as a critical component in various industrial applications. For developers and businesses looking to harness the power of real-time metals data, the Metals-API offers a robust solution to obtain historical prices, including those for Chennai Silver (XAG-CHEN). This blog post will delve into the capabilities of the Metals-API, exploring how it can empower developers to access and utilize historical price data effectively.

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 various industrial applications. From electronics to solar panels, silver's conductivity and reflective properties make it indispensable in modern technology. The innovation in manufacturing processes has led to increased demand for silver, which in turn affects its market price. As industries continue to evolve, the integration of smart manufacturing and supply chain technology has further transformed how silver is sourced, processed, and traded.

Digital market analysis has become crucial for stakeholders in the silver market. Understanding price fluctuations, historical trends, and market dynamics is essential for making informed decisions. This is where the Metals-API comes into play, offering developers the tools needed to build applications that can analyze and visualize silver price data effectively.

API Description

The Metals-API is designed to provide developers with real-time and historical data on various metals, including silver. With its innovative architecture, the API allows users to access a wealth of information that can be utilized in applications ranging from financial analysis to inventory management. The transformative potential of real-time metals data cannot be overstated, as it enables businesses to make data-driven decisions quickly and efficiently.

One of the standout features of the Metals-API is its ability to deliver data in a structured JSON format, making it easy for developers to integrate into their applications. The API supports various endpoints, each tailored to specific data retrieval needs, including the latest rates, historical rates, and even bid and ask prices. This flexibility allows developers to create customized solutions that meet their unique requirements.

Key Features and Endpoints

The Metals-API offers a variety of endpoints that cater to different data needs. Here’s a closer look at some of the key features:

Latest Rates Endpoint: This endpoint provides real-time exchange rate data for silver and other metals. Depending on your subscription plan, the API updates this data every 60 minutes, every 10 minutes, or even more frequently. This feature is essential for applications that require up-to-the-minute pricing information.
Historical Rates Endpoint: Users can access historical rates for silver 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 powerful feature allows users to retrieve real-time bid and ask prices for silver. Understanding the spread between these prices is crucial for traders and investors looking to optimize their buying and selling strategies.
Convert Endpoint: The Metals-API includes a currency conversion feature, enabling users to convert amounts from one metal to another or to/from USD. This functionality is particularly useful for businesses operating in multiple currencies.
Time-Series Endpoint: This endpoint allows users to query the API for daily historical rates between two specified dates. This is particularly beneficial for analyzing price trends over time.
Fluctuation Endpoint: Users can track how silver prices fluctuate between two dates, providing insights into market volatility and helping to inform trading decisions.
Carat Endpoint: For those interested in gold, the carat endpoint provides information about gold rates by carat, allowing for precise calculations in jewelry and investment contexts.
Lowest/Highest Price Endpoint: This endpoint allows users to query the API for the lowest and highest prices of silver over a specified period, aiding in market analysis.
Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides detailed price data, including the opening, high, low, and closing prices for silver, which is essential for technical analysis.
Historical LME Endpoint: For those interested in London Metal Exchange (LME) symbols, this endpoint provides historical rates dating back to 2008.
API Key: Access to the Metals-API requires an API key, which is passed into the API base URL's access_key parameter. This ensures secure access to the data.
API Response: The API delivers exchange rates relative to USD by default, with all data returned in a structured format that is easy to parse and utilize.
Supported Symbols Endpoint: This endpoint provides a constantly updated list of all available metal symbols, ensuring users have access to the latest information.
Gold Price India Endpoint: For those interested in gold prices specifically in India, this dedicated endpoint provides the latest rates.
News Endpoint: Users can retrieve the latest news articles related to various metals, keeping them informed about market trends and developments.

API Endpoint Examples and Responses

To illustrate the capabilities of the Metals-API, here are some examples of API responses for various endpoints:

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1755054042,
    "base": "USD",
    "date": "2025-08-13",
    "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"
}

This response shows the latest exchange rates for various metals, including silver (XAG). The "rates" object contains the current price per troy ounce, which is crucial for real-time trading applications.

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1754967642,
    "base": "USD",
    "date": "2025-08-12",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This example demonstrates how to access historical rates for silver. By specifying a date, developers can retrieve past pricing data, which is essential for trend analysis and forecasting.

Time-series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-08-06",
    "end_date": "2025-08-13",
    "base": "USD",
    "rates": {
        "2025-08-06": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-08-08": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-08-13": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

The time-series endpoint allows users to analyze price trends over a specified period. This is particularly useful for identifying patterns and making informed trading decisions.

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1755054042,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This response illustrates the conversion of an amount from USD to gold (XAU). The "result" field indicates the equivalent amount in troy ounces, which is essential for businesses dealing in multiple currencies.

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-08-06",
    "end_date": "2025-08-13",
    "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 example shows how to track fluctuations in silver prices over a specified period. Understanding these changes is crucial for traders looking to capitalize on market movements.

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

{
    "success": true,
    "timestamp": 1755054042,
    "base": "USD",
    "date": "2025-08-13",
    "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"
}

The OHLC endpoint provides detailed price data, which is essential for technical analysis. Traders can use this information to make informed decisions based on market trends.

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1755054042,
    "base": "USD",
    "date": "2025-08-13",
    "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 response illustrates the current bid and ask prices for silver, providing traders with essential information to execute their strategies effectively.

Conclusion

The Metals-API is a powerful tool for developers looking to access historical prices for silver and other metals. With its extensive range of endpoints, the API provides real-time and historical data that can be leveraged for various applications, from trading platforms to market analysis tools. By utilizing the capabilities of the Metals-API, developers can create innovative solutions that enhance decision-making processes in the precious metals market.

For more information on how to get started with the Metals-API, visit the Metals-API Documentation for comprehensive guides and examples. To explore the full range of supported symbols, check out the Metals-API Supported Symbols page. The Metals-API Website is also a valuable resource for understanding the full potential of this API and how it can be integrated into your applications.

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Obtain Chennai Silver (XAG-CHEN) Historical Prices with this API