Get Accurate Historical Data for Hyderabad Silver (XAG-HYDE) using this API

Metals-API offers a powerful solution. This blog post will delve into the capabilities of the Metals-API, focusing on how to retrieve historical prices for silver, particularly for the Hyderabad market (XAG-HYDE), and explore the various features that make this API an essential tool for developers.

About Silver (XAG)

Metals-API Overview

Metals-API is a comprehensive JSON API that provides real-time and historical data for various metals, including silver. It empowers developers to build applications that require accurate pricing information, enabling them to analyze trends, perform conversions, and track fluctuations in metal prices. The API's capabilities are transformative, allowing for the integration of metals data into various applications, from financial platforms to e-commerce solutions.

Key Features of Metals-API

Latest Rates Endpoint: This endpoint provides real-time exchange rate data for silver and other metals. Depending on your subscription plan, you can receive updates every 60 minutes or even more frequently. This feature is essential for applications that require up-to-the-minute pricing information.
Historical Rates Endpoint: Access historical rates for silver dating back to 2019. By appending a specific date to your query, you can retrieve historical pricing data, which is crucial for trend analysis and forecasting.
Bid and Ask Endpoint: This feature allows you to retrieve real-time bid and ask prices for silver, providing insights into market liquidity and pricing dynamics.
Convert Endpoint: The Metals-API includes a currency conversion endpoint, enabling you to convert amounts from one metal to another or to/from USD. This is particularly useful for applications that require multi-currency support.
Time-Series Endpoint: This endpoint allows you to query daily historical rates between two dates of your choice, making it easier to analyze trends over specific periods.
Fluctuation Endpoint: Track how silver prices fluctuate on a day-to-day basis. This endpoint provides valuable insights into market volatility, helping businesses make informed decisions.
Open/High/Low/Close (OHLC) Price Endpoint: Retrieve OHLC data for silver over a specified time period. This is essential for technical analysis and understanding market behavior.
Lowest/Highest Price Endpoint: Query the API to get the lowest and highest prices for silver over a specified date range, which can help identify market extremes.
API Key: Your unique API key is required to access the Metals-API, ensuring secure and authorized usage of the service.
API Response: The API returns exchange rates relative to USD by default, providing a consistent basis for comparison.
Supported Symbols Endpoint: Access a constantly updated list of all available metal symbols, ensuring you have the latest information at your fingertips.
News Endpoint: Stay updated with the latest news articles related to various metals, providing context and insights into market movements.

Understanding API Responses

Latest Rates Endpoint Example

{
    "success": true,
    "timestamp": 1751072496,
    "base": "USD",
    "date": "2025-06-28",
    "rates": {
        "XAU": 0.000482,
        "XAG": 0.03815,
        "XPT": 0.000912,
        "XPD": 0.000744
    },
    "unit": "per troy ounce"
}

Historical Rates Endpoint Example

{
    "success": true,
    "timestamp": 1750986096,
    "base": "USD",
    "date": "2025-06-27",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915
    },
    "unit": "per troy ounce"
}

Time-Series Endpoint Example

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-06-21",
    "end_date": "2025-06-28",
    "base": "USD",
    "rates": {
        "2025-06-21": {
            "XAU": 0.000485,
            "XAG": 0.03825
        },
        "2025-06-23": {
            "XAU": 0.000483,
            "XAG": 0.0382
        },
        "2025-06-28": {
            "XAU": 0.000482,
            "XAG": 0.03815
        }
    },
    "unit": "per troy ounce"
}

Practical Use Cases

Common Developer Questions

How do I authenticate my requests? You must include your unique API key in the access_key parameter of your request URL.
What are the rate limits for API requests? Rate limits vary based on your subscription plan. Be sure to check the documentation for specific limits.
How do I handle errors in API responses? The API will return error codes and messages in the response. Implement error handling in your application to manage these scenarios effectively.

Performance Optimization and Security Considerations

Conclusion

Metals-API Documentation and explore the Metals-API Supported Symbols for a complete list of available metals. Visit the Metals-API Website to learn more about how this API can transform your applications.

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Get Accurate Historical Data for Hyderabad Silver (XAG-HYDE) using this API