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Get Hyderabad Silver (XAG-HYDE) - Per Ounce Historical Data for Financial Analysis with Metals-API

Get Hyderabad Silver (XAG-HYDE) - Per Ounce Historical Data for Financial Analysis with Metals-API

Get Hyderabad Silver (XAG-HYDE) - Per Ounce Historical Data for Financial Analysis with Metals-API

Get Hyderabad Silver (XAG-HYDE) - Per Ounce Historical Data for Financial Analysis with Metals-API

In the world of finance, having access to accurate and timely data is crucial for making informed decisions. For those interested in precious metals, particularly silver, the Hyderabad Silver (XAG-HYDE) offers a unique opportunity to analyze historical prices and trends. This blog post will delve into how to obtain historical prices for silver using the Metals-API, a powerful tool that provides real-time and historical data on various metals.

About Silver (XAG)

Silver, represented by the symbol XAG, is not only a precious metal but also a vital industrial commodity. Its applications range from electronics to solar panels, making it a key player in various technological innovations. The demand for silver is driven by its unique properties, including high conductivity and reflectivity, which are essential in modern manufacturing processes.

As industries evolve, the integration of smart manufacturing technologies has transformed how silver is sourced, processed, and utilized. The digital market analysis of silver prices allows investors and manufacturers to make data-driven decisions, optimizing their supply chains and production processes. Understanding the historical price trends of silver can provide insights into market behavior, helping stakeholders anticipate future movements.

Metals-API Overview

The Metals-API is an innovative platform designed to provide developers with access to real-time and historical data on various metals, including silver. This API empowers users to build next-generation applications that require accurate metals pricing data. With its robust features, Metals-API enables developers to integrate metals data seamlessly into their applications, enhancing functionality and user experience.

One of the standout features of Metals-API is its ability to deliver real-time exchange rate data, updated frequently based on the user's subscription plan. This capability is essential for applications that require up-to-the-minute pricing information, such as trading platforms or financial analysis tools.

Key Features of Metals-API

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 metals, updated every 60 minutes, 10 minutes, or even more frequently, depending on your subscription plan. This feature is crucial for applications that require immediate pricing information.
  • Historical Rates Endpoint: Users can access historical rates for most currencies dating back to 2019. By appending a specific date to the API request, developers can retrieve past pricing 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 metals. Understanding the bid-ask spread is essential for traders looking to make informed decisions in the market.
  • 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 feature is particularly useful for businesses operating in multiple currencies.
  • Time-Series Endpoint: This endpoint allows users to query the API for daily historical rates between two dates of their choice. It is ideal for analyzing trends over specific periods, providing insights into price movements.
  • Fluctuation Endpoint: Users can track how metal prices fluctuate on a day-to-day basis. This endpoint provides valuable information about market volatility, helping investors make strategic decisions.
  • Carat Endpoint: For those interested in gold, the carat endpoint allows users to retrieve information about gold rates by carat. This feature is essential for jewelers and gold traders.
  • Lowest/Highest Price Endpoint: This endpoint enables users to query the API for the lowest and highest prices of metals over a specified period, providing insights into market extremes.
  • Open/High/Low/Close (OHLC) Price Endpoint: Users can access open, high, low, and close prices for metals, which are crucial for technical analysis and trading strategies.
  • Historical LME Endpoint: This endpoint provides access to historical rates for LME symbols dating back to 2008, allowing for comprehensive analysis of market trends.
  • API Key: Access to the Metals-API requires an API key, which is passed into the API base URL's access_key parameter. This ensures secure access to the data.
  • API Response: The API delivers exchange rates relative to USD by default, with all data returned in a structured JSON format, making it easy to integrate into applications.
  • Available Endpoints: The Metals-API comes with numerous endpoints, each providing different functionalities, allowing developers to tailor their applications to specific needs.
  • Supported Symbols Endpoint: This endpoint returns all available currencies, ensuring users have access to the most up-to-date information on metal symbols.
  • Gold Price India Endpoint: For users interested in gold prices in India, this dedicated endpoint provides the latest information, catering to regional market needs.
  • News Endpoint: The Metals-API also offers a news endpoint, allowing users to retrieve the latest articles related to various metals, keeping them informed about market developments.

API Endpoint Examples and Responses

To illustrate the capabilities of the Metals-API, here are some examples of API responses for various endpoints:

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1745478017,
    "base": "USD",
    "date": "2025-04-24",
    "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 latest exchange rates for various metals are available, with silver priced at 0.03815 per troy ounce.

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1745391617,
    "base": "USD",
    "date": "2025-04-23",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This example shows a historical rate response for silver on a specific date, allowing users to analyze past price movements.

Time-Series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-04-17",
    "end_date": "2025-04-24",
    "base": "USD",
    "rates": {
        "2025-04-17": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-04-19": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-04-24": {
            "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 users to visualize trends and fluctuations.

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1745478017,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This example demonstrates how to convert an amount from USD to silver, providing the equivalent in troy ounces.

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-04-17",
    "end_date": "2025-04-24",
    "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 provides insights into how silver prices have fluctuated over a specified period, highlighting both absolute and percentage changes.

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

{
    "success": true,
    "timestamp": 1745478017,
    "base": "USD",
    "date": "2025-04-24",
    "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 open, high, low, and close prices for silver, which are essential for traders conducting technical analysis.

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1745478017,
    "base": "USD",
    "date": "2025-04-24",
    "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 the current bid and ask prices for silver, along with the spread, which is crucial for traders looking to execute buy or sell orders.

Conclusion

In conclusion, the Hyderabad Silver (XAG-HYDE) presents a valuable opportunity for financial analysis through the use of the Metals-API. By leveraging the various endpoints offered by this API, developers can access real-time and historical data, enabling them to build sophisticated applications that cater to the needs of traders, investors, and manufacturers alike.

With features such as the Latest Rates Endpoint, Historical Rates Endpoint, and the ability to convert between different metals, the Metals-API stands out as a comprehensive solution for anyone looking to analyze silver prices effectively. For a complete list of supported symbols, visit the Metals-API Supported Symbols page.

As the demand for silver continues to grow in various industries, having access to accurate pricing data will be essential for making informed decisions. By utilizing the Metals-API, developers can ensure they are equipped with the tools necessary to navigate the complexities of the metals market.

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