Fetch Coimbatore Silver (XAG-COIM) prices from this API

Introduction

In the ever-evolving landscape of precious metals trading, the ability to access real-time data is crucial for developers and businesses alike. This blog post focuses on fetching Coimbatore Silver (XAG-COIM) prices using the Metals-API. We will explore the significance of silver in various markets, delve into the capabilities of the Metals-API, and provide a comprehensive overview of its features and endpoints that empower developers to create innovative applications.

About Silver (XAG)

Silver, represented by the symbol XAG, is not only a precious metal but also a vital industrial commodity. Its applications span across various sectors, including electronics, solar energy, and medical technologies. As industries continue to innovate, the demand for silver is expected to rise, making it an attractive investment option.

Industrial Applications and Innovation

The industrial applications of silver are vast. In electronics, silver is used in conductive inks and coatings, enhancing the performance of devices. The solar energy sector utilizes silver in photovoltaic cells, where its high conductivity plays a crucial role in energy conversion. Furthermore, silver's antimicrobial properties make it invaluable in medical applications, from wound dressings to surgical instruments.

Technology in Manufacturing

Modern manufacturing processes are increasingly integrating smart technologies. The use of IoT devices and AI in manufacturing allows for real-time monitoring and optimization of silver production. This technological advancement not only improves efficiency but also reduces waste, aligning with sustainable practices.

Digital Market Analysis

Understanding market trends is essential for investors and businesses. Digital market analysis tools leverage real-time data to provide insights into price fluctuations and demand forecasts. By utilizing the Metals-API, developers can create applications that analyze silver market trends, helping users make informed decisions.

Smart Manufacturing Integration

Smart manufacturing integrates advanced technologies to enhance production processes. By utilizing data from the Metals-API, manufacturers can optimize their supply chains, manage inventory more effectively, and respond swiftly to market changes. This integration not only boosts productivity but also enhances competitiveness in the market.

Supply Chain Technology

Supply chain technology plays a pivotal role in the silver market. With the Metals-API, developers can build applications that track silver prices in real-time, allowing businesses to make timely purchasing decisions. This capability is crucial for maintaining a competitive edge in a volatile market.

API Description

The Metals-API is a powerful tool designed to provide developers with real-time and historical data on various metals, including silver. This API offers a range of features that enable the creation of next-generation applications, transforming how businesses interact with precious metals data.

Key Features and Endpoints

The Metals-API boasts several key features that cater to the needs of developers:

Latest Rates Endpoint

The Latest Rates endpoint provides real-time exchange rate data for silver and other metals. Depending on your subscription plan, this data can be updated every 60 minutes or even every 10 minutes. This feature is essential for applications that require up-to-the-minute pricing information.

{
        "success": true,
        "timestamp": 1754006873,
        "base": "USD",
        "date": "2025-08-01",
        "rates": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912,
            "XPD": 0.000744
        },
        "unit": "per troy ounce"
    }

Historical Rates Endpoint

This endpoint allows users to access historical rates for silver dating back to 2019. By appending a specific date to the API call, developers can retrieve past pricing data, which is invaluable for trend analysis and forecasting.

{
        "success": true,
        "timestamp": 1753920473,
        "base": "USD",
        "date": "2025-07-31",
        "rates": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "unit": "per troy ounce"
    }

Bid And Ask Endpoint

The Bid and Ask endpoint provides real-time bid and ask prices for silver, allowing traders to make informed decisions based on current market conditions. This feature is particularly useful for high-frequency trading applications.

{
        "success": true,
        "timestamp": 1754006873,
        "base": "USD",
        "date": "2025-08-01",
        "rates": {
            "XAG": {
                "bid": 0.0381,
                "ask": 0.0382,
                "spread": 0.0001
            }
        },
        "unit": "per troy ounce"
    }

Convert Endpoint

The Convert endpoint allows users to convert any amount of silver from one currency to another. This feature is essential for applications that require currency conversion for pricing or trading purposes.

{
        "success": true,
        "query": {
            "from": "USD",
            "to": "XAG",
            "amount": 1000
        },
        "info": {
            "timestamp": 1754006873,
            "rate": 0.03815
        },
        "result": 38.15,
        "unit": "troy ounces"
    }

Time-Series Endpoint

The Time-Series endpoint allows developers to query the API for daily historical rates between two specified dates. This feature is particularly useful for analyzing trends over time and making data-driven decisions.

{
        "success": true,
        "timeseries": true,
        "start_date": "2025-07-25",
        "end_date": "2025-08-01",
        "base": "USD",
        "rates": {
            "2025-07-25": {
                "XAG": 0.03825
            },
            "2025-08-01": {
                "XAG": 0.03815
            }
        },
        "unit": "per troy ounce"
    }

Fluctuation Endpoint

The Fluctuation endpoint provides insights into how silver prices fluctuate over a specified period. This information is crucial for traders looking to understand market volatility.

{
        "success": true,
        "fluctuation": true,
        "start_date": "2025-07-25",
        "end_date": "2025-08-01",
        "base": "USD",
        "rates": {
            "XAG": {
                "start_rate": 0.03825,
                "end_rate": 0.03815,
                "change": -0.0001,
                "change_pct": -0.26
            }
        },
        "unit": "per troy ounce"
    }

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

The OHLC endpoint provides detailed pricing information, including the open, high, low, and close prices for silver over a specified period. This data is essential for technical analysis and trading strategies.

{
        "success": true,
        "timestamp": 1754006873,
        "base": "USD",
        "date": "2025-08-01",
        "rates": {
            "XAG": {
                "open": 0.03825,
                "high": 0.0383,
                "low": 0.0381,
                "close": 0.03815
            }
        },
        "unit": "per troy ounce"
    }

Lowest/Highest Price Endpoint

This endpoint allows users to query the API for the lowest and highest prices of silver over a specified date range. This information is vital for understanding market extremes and making strategic decisions.

{
        "success": true,
        "timestamp": 1754006873,
        "base": "USD",
        "date": "2025-08-01",
        "rates": {
            "XAG": {
                "lowest": 0.0381,
                "highest": 0.0383
            }
        },
        "unit": "per troy ounce"
    }

Historical LME Endpoint

The Historical LME endpoint provides access to historical rates for LME symbols, including silver, dating back to 2008. This feature is particularly useful for users interested in long-term trends and historical analysis.

{
        "success": true,
        "timestamp": 1753920473,
        "base": "USD",
        "date": "2025-07-31",
        "rates": {
            "XAG": 0.03825
        },
        "unit": "per troy ounce"
    }

API Key and Response

To access the Metals-API, users must include their unique API key in the request. This key is essential for authentication and authorization. The API responds with exchange rates relative to USD by default, ensuring consistency across all data.

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.

Conclusion

In conclusion, the Metals-API offers a robust solution for developers looking to access real-time and historical data on silver and other metals. By leveraging its various endpoints, developers can create innovative applications that enhance trading strategies, optimize manufacturing processes, and provide valuable market insights. The integration of technology in the silver market is transforming how businesses operate, and the Metals-API is at the forefront of this revolution. For more information, visit the Metals-API Website and explore the Metals-API Documentation for detailed guidance on implementation.