Get Ahmedabad Silver (XAG-AHME) Historical Prices using this API
Introduction
In the world of precious metals, silver (XAG) holds a significant position due to its diverse industrial applications and investment potential. For developers and businesses looking to access historical prices of silver, the Metals-API offers a robust solution. This blog post will delve into the capabilities of the Metals-API, focusing on how to retrieve historical prices for silver (XAG) and explore the innovative features that make this API a powerful tool for developers.
About Silver (XAG)
Silver, represented by the symbol XAG, is not just a precious metal used for jewelry and coins; it plays a crucial role in various industrial applications. From electronics to solar panels, silver's conductivity and reflectivity make it indispensable in modern technology. The integration of smart manufacturing and supply chain technology has further enhanced the demand for silver, leading to a dynamic digital market analysis that reflects its value in real-time.
Industrial Applications and Innovation
Silver's unique properties have led to its use in a wide range of industries. In electronics, silver is used in circuit boards and connectors due to its excellent conductivity. The rise of renewable energy technologies, particularly solar energy, has also increased the demand for silver, as it is a key component in photovoltaic cells. Innovations in manufacturing processes, such as the use of nanotechnology, have further expanded silver's applications, making it a vital metal in the modern economy.
Technology in Manufacturing
The manufacturing sector has seen significant advancements with the integration of technology. Smart manufacturing techniques, including automation and data analytics, have improved efficiency and reduced costs. Silver's role in these technologies cannot be understated, as its properties are leveraged in various components and systems. The ability to track and analyze silver prices through APIs like Metals-API allows manufacturers to make informed decisions regarding procurement and inventory management.
Digital Market Analysis
The digital landscape has transformed how metals are traded and valued. With real-time data available through APIs, businesses can conduct market analysis that is both timely and accurate. The Metals-API provides developers with the tools to access historical and current prices of silver, enabling them to build applications that can analyze trends, forecast prices, and make data-driven decisions.
Smart Manufacturing Integration
Integrating smart manufacturing with real-time data from APIs like Metals-API allows businesses to optimize their operations. By accessing historical prices of silver, manufacturers can analyze price trends and make strategic decisions regarding their supply chain. This integration not only enhances operational efficiency but also contributes to cost savings and improved profitability.
Supply Chain Technology
Supply chain technology has evolved significantly, and the ability to track metal prices in real-time is a game-changer. The Metals-API provides a comprehensive solution for businesses to monitor silver prices, ensuring they can react swiftly to market changes. This capability is crucial for maintaining a competitive edge in the fast-paced world of manufacturing and trading.
API Description
The Metals-API is designed to provide developers with access to real-time and historical data for various metals, including silver (XAG). This API empowers developers to build next-generation applications that can leverage real-time metals data for various use cases, from financial analysis to industrial applications.
With the Metals-API, developers can access a variety of endpoints that offer different functionalities. The API is designed to be user-friendly, allowing developers to easily integrate it into their applications. The transformative potential of real-time metals data cannot be overstated, as it enables businesses to make informed decisions based on accurate and timely information.
Key Features and Endpoints
The Metals-API offers a range of endpoints that cater to different needs. Here are some of the key features:
Latest Rates Endpoint
The Latest Rates Endpoint provides real-time exchange rate data for silver and other metals. Depending on your subscription plan, this endpoint updates every 60 minutes or every 10 minutes, ensuring you have the most current information at your fingertips.
{
"success": true,
"timestamp": 1745629421,
"base": "USD",
"date": "2025-04-26",
"rates": {
"XAU": 0.000482,
"XAG": 0.03815,
"XPT": 0.000912,
"XPD": 0.000744
},
"unit": "per troy ounce"
}Historical Rates Endpoint
The Historical Rates Endpoint allows users to access historical exchange rates for silver dating back to 2019. By appending a specific date to the API request, developers can retrieve historical data that is essential for trend analysis and forecasting.
{
"success": true,
"timestamp": 1745543021,
"base": "USD",
"date": "2025-04-25",
"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 provides real-time bid and ask prices for silver and other metals. This feature is particularly useful for traders who need to make quick decisions based on the current market conditions.
{
"success": true,
"timestamp": 1745629421,
"base": "USD",
"date": "2025-04-26",
"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 from one metal to another or to/from USD. This feature is particularly useful for businesses that deal with multiple currencies and need to perform conversions regularly.
{
"success": true,
"query": {
"from": "USD",
"to": "XAU",
"amount": 1000
},
"info": {
"timestamp": 1745629421,
"rate": 0.000482
},
"result": 0.482,
"unit": "troy ounces"
}Time-Series Endpoint
The Time-Series Endpoint allows users to query the API for daily historical rates between two dates of their choice. This feature is essential for analyzing price trends over specific periods, enabling businesses to make informed decisions based on historical data.
{
"success": true,
"timeseries": true,
"start_date": "2025-04-19",
"end_date": "2025-04-26",
"base": "USD",
"rates": {
"2025-04-19": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915
},
"2025-04-21": {
"XAU": 0.000483,
"XAG": 0.0382,
"XPT": 0.000913
},
"2025-04-26": {
"XAU": 0.000482,
"XAG": 0.03815,
"XPT": 0.000912
}
},
"unit": "per troy ounce"
}Fluctuation Endpoint
The Fluctuation Endpoint provides information about how silver prices fluctuate on a day-to-day basis. This feature is crucial for traders who need to understand market volatility and make informed trading decisions.
{
"success": true,
"fluctuation": true,
"start_date": "2025-04-19",
"end_date": "2025-04-26",
"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 allows users to retrieve the open, high, low, and close prices for silver over a specific time period. This data is essential for traders who analyze price movements and trends.
{
"success": true,
"timestamp": 1745629421,
"base": "USD",
"date": "2025-04-26",
"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 businesses that require historical data for compliance or reporting purposes.
API Key and Authentication
To access the Metals-API, developers must obtain an API key, which is a unique identifier passed into the API base URL's access_key parameter. This key is essential for authenticating requests and ensuring secure access to the API's features.
API Response
All exchange rates delivered by the Metals-API are relative to USD by default. The API returns data in a structured JSON format, making it easy for developers to parse and utilize the information in their applications.
Performance Considerations
When using the Metals-API, developers should be aware of rate limiting and quota management. Each subscription plan comes with specific limits on the number of requests that can be made within a given timeframe. Proper error handling and recovery strategies should be implemented to ensure a smooth user experience.
Security Best Practices
Security is paramount when dealing with financial data. Developers should ensure that their API keys are kept confidential and not exposed in client-side code. Additionally, implementing HTTPS for all API requests is essential to protect data in transit.
Conclusion
The Metals-API provides a comprehensive solution for accessing historical prices of silver (XAG) and other metals. With its robust features and user-friendly design, developers can easily integrate this API into their applications to leverage real-time data for informed decision-making. Whether you are analyzing market trends, managing supply chains, or developing trading applications, the Metals-API offers the tools you need to succeed in the dynamic world of precious metals.
For more information, visit the Metals-API Website or explore the Metals-API Documentation for detailed guidance on implementation. To view the complete list of supported symbols, check out the Metals-API Supported Symbols.