Fetch historical Kochi Silver (XAG-KOCH) prices with this API
In the world of precious metals, Silver (XAG) holds a significant position, 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 data, the Metals-API offers a comprehensive solution for fetching historical Kochi Silver (XAG-KOCH) prices and much more. This blog post will delve into the intricacies of Silver, its markets, and how the Metals-API functions to provide valuable insights into the silver market.
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 reflectivity make it indispensable in modern technology. The integration of smart manufacturing and supply chain technology has further enhanced the demand for Silver, as industries seek to optimize their processes and reduce costs.
As the digital market evolves, the analysis of Silver prices has become more sophisticated. With the advent of advanced technologies, businesses can now leverage real-time data to make informed decisions. The Metals-API provides developers with the tools necessary to access this data, enabling them to build applications that can analyze market trends, forecast prices, and optimize inventory management.
Understanding the Metals-API
The Metals-API is a powerful tool designed for developers looking to access real-time and historical data on various metals, including Silver. This API is built with innovation and technological advancement in mind, allowing users to retrieve data seamlessly and integrate it into their applications. The API's capabilities empower developers to create next-generation applications that can transform how businesses interact with metal markets.
Key Features of the Metals-API
The Metals-API offers a variety of endpoints that cater to different data needs. Here are some of the key features:
Latest Rates Endpoint
The Latest Rates Endpoint provides real-time exchange rate data for Silver and other metals. Depending on your subscription plan, this endpoint can return data updated every 60 minutes or even every 10 minutes. This feature is crucial for traders and businesses that require up-to-the-minute information to make timely decisions.
{
"success": true,
"timestamp": 1747958694,
"base": "USD",
"date": "2025-05-23",
"rates": {
"XAU": 0.000482,
"XAG": 0.03815,
"XPT": 0.000912,
"XPD": 0.000744
},
"unit": "per troy ounce"
}Historical Rates Endpoint
For those interested in analyzing trends over time, the Historical Rates Endpoint allows users to access historical rates dating back to 2019. By appending a specific date to the API request, developers can retrieve valuable historical data that can be used for market analysis and forecasting.
{
"success": true,
"timestamp": 1747872294,
"base": "USD",
"date": "2025-05-22",
"rates": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915
},
"unit": "per troy ounce"
}Bid And Ask Endpoint
The Bid and Ask Endpoint is a powerful feature that provides real-time bid and ask prices for Silver and other metals. This information is essential for traders who need to understand the market's current buying and selling prices.
{
"success": true,
"timestamp": 1747958694,
"base": "USD",
"date": "2025-05-23",
"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 from one metal to another or to/from USD. This feature is particularly useful for businesses that deal with multiple currencies and need to streamline their financial operations.
{
"success": true,
"query": {
"from": "USD",
"to": "XAG",
"amount": 1000
},
"info": {
"timestamp": 1747958694,
"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 dates of their choice. This feature is invaluable for conducting in-depth market analysis and understanding price movements over time.
{
"success": true,
"timeseries": true,
"start_date": "2025-05-16",
"end_date": "2025-05-23",
"base": "USD",
"rates": {
"2025-05-16": {
"XAG": 0.03825
},
"2025-05-23": {
"XAG": 0.03815
}
},
"unit": "per troy ounce"
}Fluctuation Endpoint
The Fluctuation Endpoint provides insights into how Silver prices fluctuate on a day-to-day basis. This information is essential for traders looking to understand market volatility and make informed trading decisions.
{
"success": true,
"fluctuation": true,
"start_date": "2025-05-16",
"end_date": "2025-05-23",
"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 Price Endpoint allows users to retrieve the open, high, low, and close prices for Silver over a specific time period. This data is crucial for traders who rely on technical analysis to make trading decisions.
{
"success": true,
"timestamp": 1747958694,
"base": "USD",
"date": "2025-05-23",
"rates": {
"XAG": {
"open": 0.03825,
"high": 0.0383,
"low": 0.0381,
"close": 0.03815
}
},
"unit": "per troy ounce"
}Lowest/Highest Price Endpoint
The Lowest/Highest Price Endpoint allows users to query the API for the lowest and highest price of Silver within a specified date range. This feature is particularly useful for identifying price trends and making strategic trading decisions.
{
"success": true,
"timestamp": 1747958694,
"base": "USD",
"date": "2025-05-23",
"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, dating back to 2008. This endpoint is essential for businesses that need to analyze long-term trends in the silver market.
API Key and Authentication
To access the Metals-API, developers must obtain an API key, which is passed into the API base URL's access_key parameter. This key is essential for authentication and ensures that only authorized users can access the data.
API Response Structure
The API responses are structured in a JSON format, making it easy for developers to parse and utilize the data in their applications. Each response includes fields such as success, timestamp, base currency, date, rates, and unit. Understanding these fields is crucial for effectively utilizing the API.
Common Use Cases
Developers can leverage the Metals-API for various applications, including:
- Building trading platforms that require real-time price data.
- Creating analytical tools for market research and forecasting.
- Integrating Silver price data into financial applications for better decision-making.
Performance Optimization and Security Considerations
When integrating the Metals-API into applications, developers should consider performance optimization strategies, such as caching frequently accessed data and implementing rate limiting to avoid exceeding API quotas. Additionally, security best practices should be followed to protect API keys and sensitive data.
Conclusion
The Metals-API is an invaluable resource for developers looking to access real-time and historical data on Silver and other metals. With its comprehensive features and capabilities, the API empowers businesses to make informed decisions based on accurate market data. By leveraging the various endpoints, developers can create innovative applications that enhance market analysis and trading strategies. For more information, visit the Metals-API Documentation and explore the Metals-API Supported Symbols for a complete list of available metals.