Fetch Salem Silver (SALE-XAG) Historical Prices with this API

Introduction

In the world of precious metals, silver, represented by the symbol XAG, holds a significant position not only as a valuable asset but also as a crucial component in various industrial applications. With the rise of technology and innovation in manufacturing, the demand for real-time data on silver prices has become increasingly important. This is where the Metals-API comes into play, providing developers with the tools necessary to fetch historical prices and other vital information about silver and other metals.

About Silver (XAG)

Silver is not just a precious metal; it is an essential material in numerous industrial applications, ranging from electronics to solar panels. As technology advances, the integration of silver into smart manufacturing processes has become more prevalent. The digital market analysis of silver prices allows manufacturers to optimize their supply chains and production strategies effectively. With the help of real-time data, businesses can make informed decisions that enhance their operational efficiency.

Industrial Applications and Innovation

The industrial applications of silver are vast. In electronics, silver is used in conductors, switches, and batteries due to its excellent conductivity. The rise of electric vehicles and renewable energy technologies has further increased the demand for silver. Innovations in manufacturing processes, such as 3D printing and nanotechnology, have also opened new avenues for silver utilization. By leveraging real-time data from the Metals-API, companies can stay ahead of market trends and adjust their strategies accordingly.

Technology in Manufacturing

Modern manufacturing relies heavily on technology to enhance productivity and reduce costs. The integration of smart manufacturing technologies, such as IoT and AI, has transformed how industries operate. With the Metals-API, developers can create applications that provide real-time insights into silver prices, enabling manufacturers to make data-driven decisions. This technological advancement not only improves efficiency but also helps in managing risks associated with price fluctuations.

Digital Market Analysis

Understanding market dynamics is crucial for any business involved in the trading of precious metals. The Metals-API offers a comprehensive suite of tools for digital market analysis, allowing users to track historical prices, analyze trends, and forecast future movements. By utilizing the Historical Rates Endpoint, developers can access data dating back to 2019, providing a rich dataset for analysis. This capability empowers businesses to make informed decisions based on historical performance and market trends.

Smart Manufacturing Integration

Smart manufacturing is revolutionizing the way industries operate. By integrating real-time data into manufacturing processes, companies can optimize their operations and reduce waste. The Metals-API facilitates this integration by providing developers with access to real-time and historical data on silver prices. This data can be used to automate purchasing decisions, manage inventory levels, and forecast demand, ultimately leading to a more efficient manufacturing process.

Supply Chain Technology

In today's fast-paced market, supply chain efficiency is paramount. The Metals-API enables businesses to monitor silver prices in real-time, allowing them to make timely purchasing decisions. By utilizing the Bid and Ask Endpoint, companies can retrieve current bid and ask prices for silver, ensuring they are always aware of market conditions. This capability is essential for managing supply chain risks and ensuring that businesses can respond quickly to price changes.

API Description

The Metals-API is a powerful tool that provides developers with access to real-time and historical data on various metals, including silver. This API is designed to empower developers to build next-generation applications that leverage real-time metals data for various purposes, including market analysis, trading, and manufacturing optimization.

Key Features and Endpoints

The Metals-API offers a wide range of features and endpoints that cater to different needs. Here are some of the key capabilities:

• Latest Rates Endpoint: Depending on your subscription plan, this endpoint returns real-time exchange rate data updated every 60 minutes, every 10 minutes, or even more frequently. This feature is essential for businesses that require up-to-the-minute pricing information.
• Historical Rates Endpoint: Access historical rates for most currencies dating back to 2019. By appending a specific date to the API request, developers can retrieve historical data, which is invaluable for trend analysis and forecasting.
• Bid And Ask Endpoint: This powerful feature allows users to retrieve real-time bid and ask prices for silver and other metals, providing critical information for trading decisions.
• Convert Endpoint: The API includes a currency conversion endpoint, enabling users to convert any amount from one metal to another or to/from USD. This feature is particularly useful for businesses operating in multiple currencies.
• Time-Series Endpoint: Query the API for daily historical rates between two dates of your choice. This endpoint is ideal for analyzing price movements over specific periods.
• Fluctuation Endpoint: Retrieve information about how silver prices fluctuate on a day-to-day basis. This endpoint helps businesses understand market volatility and make informed decisions.
• Carat Endpoint: Access information about gold rates by carat, allowing users to understand the value of gold in different purities.
• Lowest/Highest Price Endpoint: Query the API to get the lowest and highest price of silver for a specified date, which is crucial for understanding market extremes.
• Open/High/Low/Close (OHLC) Price Endpoint: Retrieve open, high, low, and close prices for silver over a specific time period, providing a comprehensive view of market performance.
• Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, allowing for extensive historical analysis.
• API Key: Each user is provided with a unique API key that must be included in API requests to authenticate access.
• API Response: The API delivers exchange rates relative to USD by default, ensuring consistency in data interpretation.
• Available Endpoints: The Metals-API offers 14 different endpoints, each providing unique functionalities tailored to various user needs.
• Supported Symbols Endpoint: This endpoint returns all available currencies, allowing users to stay updated on the latest symbols.
• News Endpoint: Retrieve the latest news articles related to various metals, keeping users informed about market developments.

API Endpoint Examples and Responses

Latest Rates Endpoint

To get real-time exchange rates for all available metals, you can use the Latest Rates Endpoint. Here’s an example response:

{
    "success": true,
    "timestamp": 1762610450,
    "base": "USD",
    "date": "2025-11-08",
    "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"
}

Historical Rates Endpoint

Access historical exchange rates for any date since 1999 using the Historical Rates Endpoint. Here’s an example response:

{
    "success": true,
    "timestamp": 1762524050,
    "base": "USD",
    "date": "2025-11-07",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

Time-series Endpoint

The Time-Series Endpoint allows you to get exchange rates for a specific time period. Here’s an example response:

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-11-01",
    "end_date": "2025-11-08",
    "base": "USD",
    "rates": {
        "2025-11-01": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-11-03": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-11-08": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

Convert Endpoint

The Convert Endpoint allows you to convert any amount from one metal to another or to/from USD. Here’s an example response:

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1762610450,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Fluctuation Endpoint

Track rate fluctuations between two dates using the Fluctuation Endpoint. Here’s an example response:

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-11-01",
    "end_date": "2025-11-08",
    "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"
}

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

Get OHLC data for a specific time period using the OHLC Price Endpoint. Here’s an example response:

{
    "success": true,
    "timestamp": 1762610450,
    "base": "USD",
    "date": "2025-11-08",
    "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"
}

Bid/Ask Endpoint

Retrieve current bid and ask prices for metals using the Bid/Ask Endpoint. Here’s an example response:

{
    "success": true,
    "timestamp": 1762610450,
    "base": "USD",
    "date": "2025-11-08",
    "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"
}

Conclusion

In conclusion, the Metals-API provides a robust platform for accessing real-time and historical data on silver (XAG) and other precious metals. With its comprehensive suite of endpoints, developers can build applications that leverage this data for various purposes, including market analysis, trading, and manufacturing optimization. By understanding the capabilities of the Metals-API, businesses can enhance their decision-making processes, optimize their supply chains, and stay ahead of market trends.

For more information, you can refer to the Metals-API Documentation and explore the Metals-API Supported Symbols to discover the full range of functionalities available. Embracing the power of real-time metals data will undoubtedly transform how industries operate and respond to market dynamics.