Fetch Mumbai Silver (XAG-MUMB) Historical Pricing Information using this API

Introduction

In the ever-evolving landscape of precious metals trading, having access to accurate and timely data is crucial for making informed decisions. One of the most sought-after metals in the market is Silver, represented by the symbol XAG. This blog post will delve into how to fetch historical pricing information for Mumbai Silver (XAG-MUMB) using the Metals-API. We will explore the capabilities of this powerful API, its various endpoints, and how developers can leverage it to create innovative applications that utilize real-time metals data.

About Silver (XAG)

Silver, known for its lustrous appearance and high conductivity, has a wide array of industrial applications. From electronics to solar panels, the demand for silver continues to grow, driven by technological advancements and innovations in manufacturing. The integration of smart manufacturing technologies has further enhanced the efficiency of silver production, allowing for better resource management and reduced waste.

In the digital marketplace, silver trading has become increasingly sophisticated. The rise of online trading platforms and mobile applications has enabled investors to access real-time data and execute trades at their convenience. This shift towards digital market analysis has transformed how traders approach silver investments, emphasizing the need for accurate historical pricing data.

Supply chain technology plays a pivotal role in the silver market, ensuring that the flow of silver from mines to consumers is efficient and transparent. By utilizing advanced tracking systems and data analytics, stakeholders can gain insights into market trends and make informed decisions based on historical price movements.

Metals-API Overview

The Metals-API is a robust platform designed to provide developers with access to real-time and historical pricing data for various metals, including silver. This API empowers developers to build next-generation applications that can analyze market trends, perform currency conversions, and track fluctuations in metal prices. With its user-friendly interface and comprehensive documentation, the Metals-API is an essential tool for anyone involved in the metals trading industry.

Key Features of Metals-API

The Metals-API offers a range 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 metals, updated based on your subscription plan. Depending on the plan, updates can occur every 60 minutes or even every 10 minutes. This endpoint is crucial for traders who need to stay informed about the current market conditions.

{
    "success": true,
    "timestamp": 1753056123,
    "base": "USD",
    "date": "2025-07-21",
    "rates": {
        "XAU": 0.000482,
        "XAG": 0.03815,
        "XPT": 0.000912,
        "XPD": 0.000744
    },
    "unit": "per troy ounce"
}

Historical Rates Endpoint

Accessing historical rates is essential for analyzing market trends over time. The Historical Rates Endpoint allows you to query historical rates for most currencies dating back to 2019. By appending a specific date to your request, you can retrieve the price of silver on that date, enabling comprehensive market analysis.

{
    "success": true,
    "timestamp": 1752969723,
    "base": "USD",
    "date": "2025-07-20",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "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 metals. This information is vital for traders looking to execute trades at the best possible prices. Depending on your subscription plan, you can access this data to make informed trading decisions.

{
    "success": true,
    "timestamp": 1753056123,
    "base": "USD",
    "date": "2025-07-21",
    "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 you to convert any amount from one metal to another or to/from USD. This feature is particularly useful for traders who need to calculate the equivalent value of their holdings in different metals.

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1753056123,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Time-Series Endpoint

The Time-Series Endpoint allows you to query the API for daily historical rates between two dates of your choice. This feature is invaluable for traders looking to analyze price movements over specific periods, helping them make data-driven decisions.

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-07-14",
    "end_date": "2025-07-21",
    "base": "USD",
    "rates": {
        "2025-07-14": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-07-16": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-07-21": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

Fluctuation Endpoint

The Fluctuation Endpoint provides insights into how metal prices fluctuate on a day-to-day basis. By tracking rate fluctuations between two dates, traders can identify trends and make informed predictions about future price movements.

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-07-14",
    "end_date": "2025-07-21",
    "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 Price Endpoint provides essential data for traders looking to analyze market performance over a specific time period. By retrieving the open, high, low, and close prices, traders can gain insights into market volatility and price trends.

{
    "success": true,
    "timestamp": 1753056123,
    "base": "USD",
    "date": "2025-07-21",
    "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 endpoint is particularly useful for traders looking to analyze long-term trends in the metals market.

Authentication and API Key

To access the Metals-API, you will need an API key, which is a unique identifier that is passed into the API base URL's access_key parameter. This key is essential for authenticating your requests and ensuring that you have the appropriate permissions to access the data.

Common Use Cases

Developers can leverage the Metals-API for various applications, including:

• Building trading platforms that require real-time and historical pricing data.
• Creating analytical tools that help traders make informed decisions based on market trends.
• Integrating with existing financial applications to provide users with up-to-date metal prices.

Performance Optimization and Best Practices

When working with the Metals-API, it is essential to consider performance optimization strategies. This includes implementing caching mechanisms to reduce the number of API calls, especially for frequently accessed data. Additionally, developers should be mindful of rate limits and quota management to avoid service interruptions.

Security Considerations

Security is paramount when dealing with financial data. Ensure that your API key is kept confidential and not exposed in public repositories. Implementing HTTPS for all API requests is also recommended to protect data in transit.

Conclusion

In conclusion, the Metals-API provides a comprehensive solution for accessing historical pricing information for silver and other metals. By utilizing its various endpoints, developers can create innovative applications that leverage real-time data for trading and analysis. The integration of advanced technologies and data analytics into the metals market is transforming how traders operate, making it essential to have access to accurate and timely information.

For more information on the capabilities of the Metals-API, visit the Metals-API Documentation and explore the Metals-API Supported Symbols for a complete list of available metals. Start building your applications today with the Metals-API Website.