Retrieve Silver (NYM $/ozt) Front Month (SI1) Historical Prices with this API

In the ever-evolving landscape of precious metals trading, having access to accurate and timely data is crucial for making informed decisions. Silver, represented by the symbol XAG, is not only a valuable commodity but also plays a significant role in various industrial applications. With the advent of advanced technologies and APIs, developers can now easily retrieve historical prices and other vital information about silver using the Metals-API. This blog post will delve into the capabilities of the Metals-API, focusing on how to obtain historical prices for silver and explore the broader implications of this data in today's digital market.

About Silver (XAG)

Silver has long been revered for its aesthetic appeal and intrinsic value. Beyond its use in jewelry and coins, silver is integral to numerous industrial applications, including electronics, solar panels, and medical devices. As technology continues to advance, the demand for silver in innovative manufacturing processes is expected to rise. The integration of smart manufacturing technologies and supply chain innovations is transforming how silver is sourced, processed, and utilized.

In the digital marketplace, real-time data analysis is paramount. The ability to track silver prices and fluctuations allows businesses to optimize their operations and make strategic decisions. By leveraging the capabilities of the Metals-API, developers can create applications that provide insights into market trends, enabling users to respond swiftly to changes in the silver market.

API Description

The Metals-API is a powerful tool designed for developers seeking to integrate metals pricing data into their applications. This API offers a range of features that empower users to access real-time and historical data for various metals, including silver. The transformative potential of real-time metals data cannot be overstated; it enables developers to build next-generation applications that cater to the needs of traders, investors, and industrial users alike.

With Metals-API, you can retrieve the latest rates, historical prices, and even perform conversions between different metals and currencies. The API is designed with flexibility in mind, allowing developers to tailor their queries to meet specific requirements. Whether you are interested in tracking daily fluctuations or analyzing long-term trends, the Metals-API provides the necessary tools to do so effectively.

Key Features and Endpoints

The Metals-API offers a variety of endpoints that cater to different data retrieval needs. Each endpoint serves a unique purpose, allowing developers to access a wealth of information about silver and other metals. Here are 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 or even more frequently. This feature is essential for traders who need to stay informed about current 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, enabling them to conduct thorough analyses of market trends over time.
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 buying and selling strategies.
Convert Endpoint: The Metals-API includes a currency conversion endpoint, which can be utilized to convert amounts between different metals or to/from USD. This feature is particularly useful for businesses operating in multiple currencies.
Time-Series Endpoint: Developers can query the API for daily historical rates between two specified dates. This endpoint is invaluable for analyzing trends and making predictions based on historical data.
Fluctuation Endpoint: This endpoint provides insights into how silver prices fluctuate over time. By tracking rate changes between two dates, users can gain a better understanding of market volatility.
Carat Endpoint: For those interested in gold, the carat endpoint allows users to retrieve gold rates by carat. This feature is essential for jewelers and manufacturers who need precise pricing information.
Lowest/Highest Price Endpoint: Users can query the API to find the lowest and highest prices for silver over a specified period. This information is critical for identifying market extremes and making informed trading decisions.
Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides open, high, low, and close prices for silver, allowing traders to analyze market performance over specific time frames.
Historical LME Endpoint: For users interested in LME symbols, this endpoint provides historical rates dating back to 2008, offering a comprehensive view of market trends.
API Key: Access to the Metals-API requires an API key, which must be included in the API request. This key 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 JSON format.
Available Endpoints: The Metals-API offers a constantly updated list of available endpoints, ensuring that developers have access to the latest features and functionalities.
Gold Price India Endpoint: This dedicated endpoint allows users to retrieve the latest gold prices in India, catering to a specific market segment.
News Endpoint: The Metals-API also provides a news endpoint, allowing users to access the latest articles related to various metals, keeping them informed about market developments.

API Endpoint Examples and Responses

To illustrate the capabilities of the Metals-API, let's explore some example responses for key endpoints:

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1748311273,
    "base": "USD",
    "date": "2025-05-27",
    "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 current price of silver (XAG) is 0.03815 USD per troy ounce, providing a snapshot of the market at a specific time.

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1748224873,
    "base": "USD",
    "date": "2025-05-26",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This example shows the historical price of silver on May 26, 2025, allowing developers to analyze past market conditions.

Time-Series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-05-20",
    "end_date": "2025-05-27",
    "base": "USD",
    "rates": {
        "2025-05-20": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-05-22": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-05-27": {
            "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 developers to visualize trends and fluctuations.

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1748311273,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This example demonstrates how to convert an amount from USD to gold (XAU), showcasing the versatility of the Metals-API.

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-05-20",
    "end_date": "2025-05-27",
    "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 response provides insights into how silver prices have fluctuated over a specific period, helping traders understand market dynamics.

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

{
    "success": true,
    "timestamp": 1748311273,
    "base": "USD",
    "date": "2025-05-27",
    "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 endpoint provides a comprehensive view of the price movement for silver, allowing traders to make informed decisions based on market performance.

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1748311273,
    "base": "USD",
    "date": "2025-05-27",
    "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 provides the current bid and ask prices for silver, which is essential for traders looking to execute orders efficiently.

Conclusion

In conclusion, the Metals-API is an invaluable resource for developers seeking to access historical prices and real-time data for silver and other metals. By leveraging the various endpoints offered by the API, users can gain insights into market trends, optimize trading strategies, and make informed decisions based on accurate data. The integration of this API into applications not only enhances functionality but also empowers users to navigate the complexities of the metals market with confidence.

For more detailed 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 market continues to evolve, staying informed and utilizing advanced tools like the Metals-API will be essential for success in the precious metals trading arena.

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Retrieve Silver (NYM $/ozt) Front Month (SI1) Historical Prices with this API