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Retrieve Coimbatore Silver (XAG-COIM) Historical Prices with this API

Retrieve Coimbatore Silver (XAG-COIM) Historical Prices with this API

Retrieve Coimbatore Silver (XAG-COIM) Historical Prices with this API

Retrieve Coimbatore Silver (XAG-COIM) Historical Prices with this API

In the ever-evolving world of precious metals trading, having access to accurate and timely data is crucial for making informed decisions. For developers and traders interested in Silver (XAG), the Metals-API offers a powerful solution to retrieve historical prices and other essential data. This blog post will delve into the capabilities of the Metals-API, focusing on how to effectively retrieve historical prices for Silver, explore its industrial applications, and understand the technological advancements that make this possible.

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 invaluable in sectors such as electronics, solar energy, and medical technology. As industries continue to innovate, the demand for Silver is expected to rise, making it essential for traders and investors to stay updated on its market trends.

In recent years, technological advancements have transformed the way Silver is manufactured and traded. Smart manufacturing techniques are being integrated into production processes, enhancing efficiency and reducing costs. Additionally, the digital market analysis of Silver prices allows stakeholders to make data-driven decisions, leveraging real-time information to optimize their trading strategies.

Furthermore, supply chain technology plays a pivotal role in the Silver market. By utilizing advanced tracking systems and data analytics, companies can ensure transparency and efficiency in their operations, ultimately benefiting consumers and investors alike.

Metals-API Information

The Metals-API is a robust platform designed to provide developers with real-time and historical data on various metals, including Silver. This API empowers users to build next-generation applications that can analyze market trends, track price fluctuations, and convert between different metal currencies. With its innovative approach to data delivery, the Metals-API is transforming how developers interact with precious metals data.

For more information, visit the Metals-API Website or check out the Metals-API Documentation for detailed guidance on implementation.

Key Features and Endpoints

The Metals-API offers a variety of endpoints that cater to different data retrieval needs. Here are some of the key features that developers can leverage:

  • 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 or even more frequently. This feature is essential for traders who need to make quick decisions based on the latest market conditions.
  • 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 bid-ask spread is crucial for traders looking to optimize their entry and exit points in the market.
  • 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 traders dealing in multiple currencies.
  • Time-Series Endpoint: This endpoint allows users to query the API for daily historical rates between two specified dates. This feature is ideal for analyzing price trends over time.
  • Fluctuation Endpoint: Users can track how Silver prices fluctuate on a day-to-day basis, providing insights into market volatility and helping traders make informed decisions.
  • Carat Endpoint: This endpoint provides information about Gold rates by Carat, which can be useful for those dealing with jewelry and precious metal trading.
  • Lowest/Highest Price Endpoint: Users can query the API to get the lowest and highest prices for 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: This endpoint allows access to historical rates for LME symbols dating back to 2008, providing a comprehensive view of market trends.
  • API Key: Each user is assigned a unique API key that must be included in requests to authenticate and authorize access to the API.
  • API Response: The Metals-API delivers exchange rates relative to USD by default, ensuring consistency in data interpretation.
  • Available Endpoints: The API offers a wide range of endpoints, each designed to provide specific functionalities related to precious metals.
  • Supported Symbols Endpoint: This endpoint returns all available metal symbols, allowing users to easily identify the metals they can query.
  • Gold Price India Endpoint: Users can retrieve the latest gold prices in India, which can be beneficial for traders operating in that market.
  • News Endpoint: The Metals-API also provides access to the latest news articles related to various metals, keeping users informed about market developments.

API Endpoint Examples and Responses

Understanding the API's response structure is crucial for effective implementation. Below are examples of various endpoints and their corresponding JSON responses:

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1746928974,
    "base": "USD",
    "date": "2025-05-11",
    "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"
}

This response indicates that the latest rate for Silver (XAG) is 0.03815 per troy ounce, providing a snapshot of the current market conditions.

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1746842574,
    "base": "USD",
    "date": "2025-05-10",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This example shows the historical rate for Silver on May 10, 2025, allowing users to analyze past performance and trends.

Time-series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-05-04",
    "end_date": "2025-05-11",
    "base": "USD",
    "rates": {
        "2025-05-04": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-05-06": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-05-11": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

This response provides a time series of Silver prices over a specified period, enabling users to visualize trends and fluctuations.

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1746928974,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

The Convert Endpoint allows users to convert a specified amount from one metal to another, providing flexibility in trading strategies.

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-05-04",
    "end_date": "2025-05-11",
    "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"
}

This endpoint tracks the fluctuations in Silver prices over a specified period, providing insights into market volatility.

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

{
    "success": true,
    "timestamp": 1746928974,
    "base": "USD",
    "date": "2025-05-11",
    "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"
}

This response provides detailed price data for Silver, essential for traders conducting technical analysis.

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1746928974,
    "base": "USD",
    "date": "2025-05-11",
    "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"
}

This endpoint provides current bid and ask prices for Silver, helping traders understand market dynamics and make informed decisions.

Conclusion

The Metals-API is a powerful tool for developers and traders interested in Silver (XAG) and other precious metals. With its extensive range of endpoints, users can access real-time and historical data, enabling them to make informed trading decisions. The integration of advanced technologies in manufacturing and supply chain management further enhances the value of Silver in the market.

By leveraging the capabilities of the Metals-API, developers can create innovative applications that analyze market trends, track price fluctuations, and optimize trading strategies. For more information on how to implement these features, refer to the Metals-API Documentation and explore the Metals-API Supported Symbols for a comprehensive list of available metals.

As the demand for Silver continues to grow, staying updated with the latest market data will be crucial for success in this dynamic field. Embrace the power of real-time metals data and unlock new opportunities in the world of precious metals trading.

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