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Get Accurate Micro Silver Futures (SIL) Price Data in Multiple Currencies Using this API

Get Accurate Micro Silver Futures (SIL) Price Data in Multiple Currencies Using this API

Get Accurate Micro Silver Futures (SIL) Price Data in Multiple Currencies Using this API

Get Accurate Micro Silver Futures (SIL) Price Data in Multiple Currencies Using this API

In today's fast-paced financial landscape, having access to accurate and real-time data is crucial for businesses and developers alike. The Metals-API provides a robust solution for obtaining precise Silver (XAG) prices in various currencies, empowering developers to create innovative applications that can analyze market trends, optimize manufacturing processes, and enhance investment strategies.

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 an essential material in electronics, solar panels, and medical devices. As technology continues to evolve, the demand for silver in manufacturing processes is expected to grow, driven by innovations in smart manufacturing and supply chain technology.

Moreover, the digital market analysis of silver prices can provide valuable insights for businesses looking to optimize their operations. By integrating real-time data into their systems, companies can make informed decisions that enhance efficiency and reduce costs. The Metals-API Documentation offers detailed guidance on how to leverage this data effectively.

API Description

The Metals-API is designed to provide developers with comprehensive access to real-time and historical data on various metals, including silver. This API is a game-changer for businesses looking to harness the power of data analytics in their operations. With its advanced capabilities, developers can build next-generation applications that utilize real-time metals data to drive innovation and efficiency.

One of the standout features of the Metals-API is its ability to deliver accurate price data in multiple currencies. This functionality is particularly beneficial for businesses operating in global markets, allowing them to assess the value of silver in their local currency and make informed financial decisions.

Key Features and Endpoints

The Metals-API offers a variety of endpoints that cater to different data needs. Here are some of the key features:

  • Latest Rates Endpoint: This endpoint provides real-time exchange rate data for silver and other metals, updated every 60 minutes, 10 minutes, or even more frequently, depending on your subscription plan. This feature is essential for businesses that require up-to-the-minute data to make trading decisions.
  • Historical Rates Endpoint: Access historical rates dating back to 2019. This endpoint allows users to query past silver prices by appending a specific date, enabling businesses to analyze trends over time and make data-driven decisions.
  • Bid And Ask Endpoint: This powerful feature retrieves real-time bid and ask prices for silver, providing insights into market liquidity and helping traders make informed decisions based on current market conditions.
  • Convert Endpoint: The Metals-API includes a currency conversion endpoint, allowing users to convert any amount from one currency to another. This is particularly useful for businesses that operate in multiple currencies and need to assess the value of silver in their local currency.
  • Time-Series Endpoint: This endpoint allows users to query daily historical rates between two dates of their choice, providing a comprehensive view of price movements over time.
  • Fluctuation Endpoint: Track how silver prices fluctuate on a day-to-day basis. This feature is invaluable for businesses looking to understand market volatility and adjust their strategies accordingly.
  • Carat Endpoint: Retrieve information about gold rates by carat, which can be useful for businesses involved in jewelry manufacturing or trading.
  • Lowest/Highest Price Endpoint: Query the API to get the lowest and highest prices for silver over a specified period, helping businesses identify optimal buying or selling points.
  • Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides open, high, low, and close prices for silver, offering a detailed view of market performance over a specific timeframe.
  • Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, which is crucial for businesses that require long-term data for analysis.
  • API Key: Your unique API key is essential for accessing the Metals-API. It must be included in the API base URL's access_key parameter to authenticate your requests.
  • API Response: The API delivers exchange rates relative to USD by default, ensuring consistency in data interpretation.
  • Available Endpoints: The Metals-API comes with 14 different endpoints, each providing unique functionalities tailored to various data needs.
  • Supported Symbols Endpoint: This endpoint returns a constantly updated list of all available currencies and metals, allowing users to stay informed about the latest offerings.
  • Gold Price India Endpoint: Retrieve the latest gold price in India, which can be beneficial for businesses operating in the Indian market.
  • News Endpoint: Stay updated with the latest news articles related to various metals, providing context to market movements and trends.

API Endpoint Examples and Responses

To illustrate how the Metals-API functions, here are examples of various endpoint responses:

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1758949317,
    "base": "USD",
    "date": "2025-09-27",
    "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"
}

This response indicates that the current price of silver (XAG) is 0.03815 per troy ounce, relative to USD.

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1758862917,
    "base": "USD",
    "date": "2025-09-26",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This example shows the historical price of silver on a specific date, allowing businesses to analyze past performance.

Time-series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-09-20",
    "end_date": "2025-09-27",
    "base": "USD",
    "rates": {
        "2025-09-20": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-09-22": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-09-27": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

This response provides a time-series analysis of silver prices over a specified period, enabling businesses to identify trends and make predictions.

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1758949317,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This example demonstrates how to convert an amount from one currency to another, providing businesses with the flexibility to assess values in different currencies.

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-09-20",
    "end_date": "2025-09-27",
    "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"
}

This response illustrates how silver prices fluctuate over time, providing insights into market volatility.

OHLC (Open/High/Low/Close) Endpoint

{
    "success": true,
    "timestamp": 1758949317,
    "base": "USD",
    "date": "2025-09-27",
    "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"
}

This endpoint provides a comprehensive view of silver's market performance, allowing businesses to analyze price movements effectively.

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1758949317,
    "base": "USD",
    "date": "2025-09-27",
    "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"
}

This response provides current bid and ask prices for silver, which is essential for traders looking to make informed decisions based on market conditions.

Conclusion

The Metals-API is an invaluable resource for developers and businesses seeking accurate and real-time silver price data in multiple currencies. By leveraging the API's extensive features, including the latest rates, historical data, and conversion capabilities, businesses can enhance their decision-making processes and optimize their operations. Whether you are involved in trading, manufacturing, or market analysis, the Metals-API offers the tools necessary to stay ahead in the competitive landscape.

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 comprehensive list of available metals and currencies. Embrace the power of real-time data and transform your business operations today!

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