Get Chennai Silver (XAG-CHEN) spot prices using this API

Get Chennai Silver (XAG-CHEN) Spot Prices Using This API

In today's fast-paced digital economy, having access to real-time data is crucial for making informed decisions, especially in the metals market. The Chennai Silver (XAG-CHEN) spot prices can be efficiently accessed using the Metals-API. This API provides developers with the tools necessary to integrate comprehensive silver pricing data into their applications, enabling them to harness the power of real-time information for various industrial applications, investment strategies, and market analysis.

Metals-API Information

About Silver (XAG)

Silver, represented by the symbol XAG, is not just a precious metal; it plays a vital role in various industrial applications. From electronics to solar panels, silver's conductivity and reflective properties make it indispensable in modern technology. The integration of smart manufacturing and supply chain technologies has further enhanced the demand for silver, making it a focal point for investors and manufacturers alike.

As industries evolve, the need for accurate and timely data becomes paramount. Digital market analysis tools that utilize real-time data can provide insights into price trends, helping businesses make strategic decisions. The Metals-API serves as a bridge between developers and the vast world of metal pricing, offering innovative solutions that empower users to build next-generation applications.

API Description

The Metals-API is designed to provide developers with a robust platform for accessing real-time and historical data on various metals, including silver. This API is not just about fetching data; it is about transforming how businesses interact with metal prices. With its advanced capabilities, the Metals-API allows developers to create applications that can analyze market trends, track price fluctuations, and even convert currencies seamlessly.

For more detailed information, you can refer to the Metals-API Documentation, which outlines all the features and functionalities available through the API.

Key Features and Endpoints

The Metals-API offers a variety of endpoints that cater to different needs, ensuring that developers can access the specific data they require. Here are some of the key features:

• Latest Rates Endpoint: Depending on your subscription plan, this endpoint provides real-time exchange rate data for silver and other metals, updated every 60 minutes, 10 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 past pricing data, which is invaluable for trend analysis and forecasting.
• Bid And Ask Endpoint: This powerful feature allows you to retrieve real-time bid and ask prices for silver. Understanding the spread between these prices is crucial for traders and investors looking to make informed decisions.
• Convert Endpoint: The Metals-API includes a currency conversion endpoint, enabling users to convert amounts from one metal to another or to/from USD. This 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 perfect for analyzing trends over specific periods.
• Fluctuation Endpoint: Retrieve information about how silver prices fluctuate on a day-to-day basis. This endpoint helps users understand market volatility and make strategic decisions.
• Carat Endpoint: Get information about gold rates by carat, which can be useful for jewelers and manufacturers dealing in precious metals.
• Lowest/Highest Price Endpoint: Query the API to get the lowest and highest prices for silver over a specified period, helping investors identify potential buying or selling opportunities.
• Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides open, high, low, and close prices for silver, which are essential for technical analysis.
• Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, allowing for extensive market analysis.
• API Key: Your unique API key is required to access the API, ensuring secure and authorized usage.
• API Response: The Metals-API delivers exchange rates relative to USD by default, with all data returned in a structured JSON format.
• Supported Symbols Endpoint: This constantly updated endpoint returns all available currencies and metal symbols, ensuring you have the latest information at your fingertips.
• Gold Price India Endpoint: Retrieve the latest gold prices in India, which can be useful for investors in the Indian market.
• News Endpoint: Stay updated with the latest news articles related to various metals, providing context and insights into market movements.

List of Symbols

The Metals-API provides access to a comprehensive range of metal symbols. For a complete list of all supported symbols and their specifications, refer to the Metals-API Supported Symbols page.

API Endpoint Examples and Responses

Understanding how to interact with the Metals-API is crucial for developers. Below are examples of various endpoints and their expected responses:

Latest Rates Endpoint

Get real-time exchange rates for all available metals.

{
    "success": true,
    "timestamp": 1746669845,
    "base": "USD",
    "date": "2025-05-08",
    "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.

{
    "success": true,
    "timestamp": 1746583445,
    "base": "USD",
    "date": "2025-05-07",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

Time-series Endpoint

Get exchange rates for a specific time period.

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-05-01",
    "end_date": "2025-05-08",
    "base": "USD",
    "rates": {
        "2025-05-01": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-05-03": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-05-08": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

Convert Endpoint

Convert any amount from one metal to another or to/from USD.

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1746669845,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Fluctuation Endpoint

Track rate fluctuations between two dates.

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-05-01",
    "end_date": "2025-05-08",
    "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) Endpoint

Get OHLC data for a specific time period.

{
    "success": true,
    "timestamp": 1746669845,
    "base": "USD",
    "date": "2025-05-08",
    "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

Get current bid and ask prices for metals.

{
    "success": true,
    "timestamp": 1746669845,
    "base": "USD",
    "date": "2025-05-08",
    "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

The Metals-API is an invaluable resource for developers looking to integrate real-time silver pricing data into their applications. With its comprehensive set of features, including the ability to access the latest rates, historical data, and various conversion options, this API empowers users to make informed decisions based on accurate and timely information. By leveraging the capabilities of the Metals-API, businesses can enhance their operational efficiency, improve market analysis, and ultimately drive better financial outcomes.

For more information on how to get started with the Metals-API, visit the Metals-API Documentation. Explore the Metals-API Supported Symbols to understand the range of metals available, and check out the Metals-API Website for additional resources and support.