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Retrieve Chennai Silver (XAG-CHEN) Historical Prices via this API

Retrieve Chennai Silver (XAG-CHEN) Historical Prices via this API

Retrieve Chennai Silver (XAG-CHEN) Historical Prices via this API

Retrieve Chennai Silver (XAG-CHEN) Historical Prices via this API

In the world of precious metals, silver (XAG) holds a significant place due to its diverse applications ranging from industrial uses to investment opportunities. For developers and businesses looking to access historical prices of silver, the Metals-API offers a robust solution. This blog post will delve into the intricacies of retrieving Chennai Silver (XAG-CHEN) historical prices using the Metals-API, exploring its features, capabilities, and practical applications.

About Silver (XAG)

Silver, represented by the symbol XAG, is not just a precious metal used for jewelry and coins; it plays a crucial role in various industrial applications. Its high conductivity makes it invaluable in electronics, solar panels, and batteries. The innovation in manufacturing processes has led to the integration of silver in smart technologies, enhancing efficiency and performance. Moreover, the digital market analysis of silver prices has become increasingly important as investors seek to understand market trends and make informed decisions.

With the rise of smart manufacturing, the integration of supply chain technology has revolutionized how silver is sourced, processed, and distributed. This transformation allows for real-time tracking of silver prices, ensuring that businesses can respond swiftly to market fluctuations. The Metals-API stands at the forefront of this technological advancement, providing developers with the tools necessary to access real-time and historical data on silver prices.

API Description

The Metals-API is a powerful tool that enables developers to access real-time and historical data for various metals, including silver. This API is designed to empower businesses and developers to build next-generation applications that require accurate and timely metals data. With its innovative features, the Metals-API allows users to retrieve exchange rates, historical prices, and much more, all through a simple and intuitive interface.

For more detailed information, you can visit the Metals-API Website or explore the Metals-API Documentation for comprehensive guidance on how to implement the API effectively.

Key Features and Endpoints

The Metals-API offers a variety of endpoints that cater to different needs, making it a versatile tool for developers. Here are some of the key features:

  • Latest Rates Endpoint: This endpoint provides real-time exchange rate data for silver and other metals, updated every 60 minutes, 10 minutes, or even 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 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 feature allows users to retrieve real-time bid and ask prices for silver, providing insights into the current market conditions and helping traders make informed decisions.
  • Convert Endpoint: The Metals-API includes a currency conversion endpoint, enabling users to convert amounts from one metal to another or to/from USD. This is particularly useful for businesses operating in multiple currencies.
  • Time-Series Endpoint: Developers can query the API for daily historical rates between two dates of their choice, allowing for in-depth analysis of price movements over time.
  • Fluctuation Endpoint: This endpoint provides information about how silver prices fluctuate on a day-to-day basis, offering insights into market volatility.
  • Carat Endpoint: Users can retrieve information about gold rates by carat, which is useful for jewelers and investors in the gold market.
  • Lowest/Highest Price Endpoint: This feature allows users to query the API to get the lowest and highest price of silver for a specified date, aiding in market analysis.
  • Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides open, high, low, and close prices for silver, which are crucial for traders looking to analyze market trends.
  • Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, providing a comprehensive view of market trends over the years.
  • API Key: Each user is assigned a unique API key that must be included in the API requests to authenticate and authorize access.
  • API Response: The Metals-API delivers exchange rates relative to USD by default, ensuring consistency in data representation.
  • Available Endpoints: The API comes with multiple endpoints, each designed to provide specific functionalities tailored to user needs.
  • Supported Symbols Endpoint: This endpoint returns all available currencies and metal symbols, ensuring users can easily find the data they need.
  • Gold Price India Endpoint: Retrieve the latest gold price in India using the dedicated endpoint, which is beneficial for local investors.
  • News Endpoint: Stay updated with the latest news articles related to various metals, providing context to market movements.

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.

API Endpoint Examples and Responses

Understanding how to interact with the Metals-API is crucial for effective implementation. Below are examples of various endpoints and their corresponding JSON responses:

Latest Rates Endpoint

Get real-time exchange rates for all available metals:

{
    "success": true,
    "timestamp": 1746586876,
    "base": "USD",
    "date": "2025-05-07",
    "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

Access historical exchange rates for any date since 1999:

{
    "success": true,
    "timestamp": 1746500476,
    "base": "USD",
    "date": "2025-05-06",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

Time-series Endpoint

Get exchange rates for a specific time period:

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-04-30",
    "end_date": "2025-05-07",
    "base": "USD",
    "rates": {
        "2025-04-30": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-05-02": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-05-07": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

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": 1746586876,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Fluctuation Endpoint

Track rate fluctuations between two dates:

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-04-30",
    "end_date": "2025-05-07",
    "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
        },
        "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) Endpoint

Get OHLC data for a specific time period:

{
    "success": true,
    "timestamp": 1746586876,
    "base": "USD",
    "date": "2025-05-07",
    "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
        },
        "XPT": {
            "open": 0.000915,
            "high": 0.000918,
            "low": 0.00091,
            "close": 0.000912
        }
    },
    "unit": "per troy ounce"
}

Bid/Ask Endpoint

Get current bid and ask prices for metals:

{
    "success": true,
    "timestamp": 1746586876,
    "base": "USD",
    "date": "2025-05-07",
    "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

In conclusion, the Metals-API provides a comprehensive solution for developers seeking to access historical prices of silver, including Chennai Silver (XAG-CHEN). With its wide array of features, including real-time rates, historical data, and various endpoints tailored for specific needs, the API empowers businesses to make data-driven decisions. By leveraging the capabilities of the Metals-API, developers can create innovative applications that harness the power of real-time metals data.

For further exploration, refer to the Metals-API Documentation for detailed implementation guidance, and check the Metals-API Supported Symbols page for a complete list of available metal symbols. The Metals-API is not just a tool; it is a gateway to understanding the dynamic world of precious metals.

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