Fetch Mangalore Silver (MANG-XAG) Historical Prices for market studies via this API
Introduction
In the ever-evolving landscape of financial markets, the demand for accurate and real-time data is paramount. For those interested in precious metals, particularly Silver (XAG), accessing historical prices is crucial for market studies and analysis. The Metals-API provides a robust solution for developers looking to integrate comprehensive metals data into their applications. This blog post will delve into the intricacies of fetching Mangalore Silver (MANG-XAG) historical prices using the Metals-API, exploring its features, capabilities, and the transformative potential of real-time metals data.
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 indispensable in sectors such as electronics, solar energy, and medical devices. As technology advances, the demand for Silver continues to grow, driven by innovations in smart manufacturing and supply chain technology.
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 relies on Silver for photovoltaic cells, which convert sunlight into electricity. As industries evolve, the integration of Silver into new technologies is expected to expand, making it essential for developers to track its market trends and historical prices.
Technology in Manufacturing
Modern manufacturing processes increasingly incorporate advanced technologies such as automation and artificial intelligence. These innovations not only improve efficiency but also enable better tracking of material costs, including Silver. By utilizing the Metals-API, developers can access real-time data that informs production decisions and optimizes supply chain management.
Digital Market Analysis
The digital marketplace for precious metals is dynamic, with prices influenced by various factors including geopolitical events, economic indicators, and market sentiment. Developers can leverage the Metals-API to conduct thorough market analyses, utilizing historical data to identify trends and make informed predictions. This capability is vital for traders and investors looking to capitalize on market movements.
Smart Manufacturing Integration
Smart manufacturing integrates IoT devices and data analytics to create more responsive production environments. By incorporating real-time metals data from the Metals-API, manufacturers can adjust their operations based on current market conditions, ensuring they remain competitive. This integration not only enhances operational efficiency but also reduces costs associated with material procurement.
Supply Chain Technology
Supply chain management is critical in ensuring that materials like Silver are sourced and delivered efficiently. The Metals-API provides developers with the tools to monitor price fluctuations and historical trends, allowing for better forecasting and inventory management. By understanding the historical prices of Silver, businesses can make strategic decisions that enhance their supply chain resilience.
API Description
The Metals-API is a powerful tool designed to provide developers with real-time and historical data on various metals, including Silver. Its capabilities extend beyond simple price retrieval; it empowers developers to build next-generation applications that can analyze and visualize metals data effectively. With a focus on innovation and technological advancement, the Metals-API transforms how businesses interact with metals markets.
For detailed information on how to implement the API, refer to the Metals-API Documentation. This resource provides comprehensive guidance on utilizing the API's features, including endpoints for retrieving historical prices, latest rates, and more.
Key Features and Endpoints
The Metals-API offers a variety of endpoints that cater to different data retrieval needs. Each endpoint is designed to provide specific functionalities that can be leveraged for various applications. Below, we explore some of the key features and their potential applications.
Latest Rates Endpoint
The Latest Rates endpoint allows developers to access real-time exchange rate data for Silver and other metals. Depending on the subscription plan, this endpoint can return data updated every 60 minutes, every 10 minutes, or even more frequently. This feature is essential for applications that require up-to-the-minute pricing information.
{
"success": true,
"timestamp": 1768608962,
"base": "USD",
"date": "2026-01-17",
"rates": {
"XAU": 0.000482,
"XAG": 0.03815,
"XPT": 0.000912,
"XPD": 0.000744
},
"unit": "per troy ounce"
}Historical Rates Endpoint
Accessing historical rates is crucial for market analysis. The Historical Rates endpoint allows developers to query historical prices for Silver dating back to 2019. By appending a specific date to the API request, users can retrieve past pricing data, enabling them to analyze trends over time.
{
"success": true,
"timestamp": 1768522562,
"base": "USD",
"date": "2026-01-16",
"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. This feature is particularly useful for traders who need to understand the market's current buying and selling prices. Depending on the subscription plan, this endpoint can deliver valuable insights into market liquidity.
{
"success": true,
"timestamp": 1768608962,
"base": "USD",
"date": "2026-01-17",
"rates": {
"XAU": {
"bid": 0.000481,
"ask": 0.000483,
"spread": 2.0e-6
},
"XAG": {
"bid": 0.0381,
"ask": 0.0382,
"spread": 0.0001
}
},
"unit": "per troy ounce"
}Convert Endpoint
The Convert endpoint allows users to convert amounts between different metals or to/from USD. This feature is particularly useful for applications that require currency conversion for pricing or trading purposes.
{
"success": true,
"query": {
"from": "USD",
"to": "XAU",
"amount": 1000
},
"info": {
"timestamp": 1768608962,
"rate": 0.000482
},
"result": 0.482,
"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 invaluable for analyzing price movements over a defined period, enabling users to identify trends and make informed decisions.
{
"success": true,
"timeseries": true,
"start_date": "2026-01-10",
"end_date": "2026-01-17",
"base": "USD",
"rates": {
"2026-01-10": {
"XAU": 0.000485,
"XAG": 0.03825
},
"2026-01-12": {
"XAU": 0.000483,
"XAG": 0.0382
},
"2026-01-17": {
"XAU": 0.000482,
"XAG": 0.03815
}
},
"unit": "per troy ounce"
}Fluctuation Endpoint
The Fluctuation endpoint provides insights into how prices fluctuate over a specified period. This feature is essential for understanding market volatility and can help traders make strategic decisions based on historical price changes.
{
"success": true,
"fluctuation": true,
"start_date": "2026-01-10",
"end_date": "2026-01-17",
"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
}
},
"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 a specific time period. This data is crucial for traders looking to analyze market performance and make informed trading decisions.
{
"success": true,
"timestamp": 1768608962,
"base": "USD",
"date": "2026-01-17",
"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
}
},
"unit": "per troy ounce"
}Historical LME Endpoint
The Historical LME endpoint provides access to historical rates for LME symbols dating back to 2008. This feature is particularly useful for developers working with London Metal Exchange data, allowing for comprehensive market analysis.
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 secure access to the API's features. Proper management of the API key is crucial for maintaining security and preventing unauthorized access.
API Response and Data Structure
The API delivers exchange rates relative to USD by default. All data is returned in a structured JSON format, making it easy for developers to parse and utilize in their applications. Understanding the structure of the API response is vital for effective data handling and integration.
Common Use Cases and Applications
The versatility of the Metals-API allows for a wide range of applications across various industries. Here are some common use cases:
Market Analysis Tools
Developers can create sophisticated market analysis tools that leverage historical and real-time data to provide insights into price trends and market behavior. By integrating the Metals-API, these tools can offer users a comprehensive view of Silver prices, enabling informed trading decisions.
Trading Platforms
For trading platforms, real-time access to bid and ask prices is essential. The Metals-API's Bid and Ask endpoint allows traders to monitor market conditions and execute trades at optimal prices. This capability enhances the trading experience and increases the potential for profit.
Investment Applications
Investment applications can utilize the historical rates endpoint to analyze past performance and forecast future trends. By providing users with access to detailed pricing data, these applications empower investors to make strategic decisions based on historical performance.
Supply Chain Management Systems
In supply chain management, understanding the cost of materials is critical. By integrating the Metals-API, businesses can monitor Silver prices in real-time, allowing for better procurement strategies and cost management. This integration enhances operational efficiency and reduces financial risks.
Conclusion
Accessing historical prices for Mangalore Silver (MANG-XAG) is essential for market studies and informed decision-making. The Metals-API offers a comprehensive suite of features that empower developers to integrate real-time and historical metals data into their applications. By leveraging the capabilities of the Metals-API, businesses can enhance their market analysis, trading strategies, and supply chain management.
For more information on how to get started with the Metals-API, visit the Metals-API Documentation and explore the Metals-API Supported Symbols for a complete list of available metals. The Metals-API Website is also a valuable resource for understanding the full potential of this powerful API.