Get Kochi Silver (XAG-KOCH) Historical Prices with Metals-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 Kochi Silver (XAG-KOCH), 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 and other valuable data related to Silver. We will explore the innovative features of the API, its endpoints, and how it can empower developers to create next-generation applications in the metals market.

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, medical devices, and even in the automotive industry. As technology advances, the demand for Silver continues to grow, driven by innovations in manufacturing and smart technologies.

In recent years, the digital market analysis of Silver has gained traction, with investors and developers seeking real-time data to make informed decisions. The integration of smart manufacturing technologies and supply chain innovations has further enhanced the importance of accurate and timely data regarding Silver prices.

Metals-API Overview

The Metals-API is a powerful tool designed to provide real-time and historical data on various metals, including Silver. It enables developers to access a wealth of information through a simple and intuitive API. With its focus on innovation and technological advancement, the Metals-API transforms how businesses interact with metals data, allowing for the development of sophisticated applications that can analyze trends, forecast prices, and optimize supply chains.

One of the standout features of the Metals-API is its ability to deliver real-time exchange rates, historical data, and various analytical endpoints. This empowers developers to build applications that can track price fluctuations, convert currencies, and analyze historical trends in a seamless manner.

Key Features and Endpoints

The Metals-API offers a variety of endpoints that cater to different needs. Here’s a detailed look at 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 can return data updated every 60 minutes or even more frequently. This feature is crucial for applications that require up-to-the-minute pricing information.

{
    "success": true,
    "timestamp": 1742180474,
    "base": "USD",
    "date": "2025-03-17",
    "rates": {
        "XAU": 0.000482,
        "XAG": 0.03815,
        "XPT": 0.000912,
        "XPD": 0.000744
    },
    "unit": "per troy ounce"
}

Historical Rates Endpoint

For those interested in analyzing trends over time, 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 valuable historical data that can inform investment strategies and market analysis.

{
    "success": true,
    "timestamp": 1742094074,
    "base": "USD",
    "date": "2025-03-16",
    "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 is a powerful feature that enables developers to retrieve real-time bid and ask prices for Silver. This information is essential for traders and investors who need to make quick decisions based on current market conditions.

{
    "success": true,
    "timestamp": 1742180474,
    "base": "USD",
    "date": "2025-03-17",
    "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 any amount from one metal to another or to/from USD. This feature is particularly useful for applications that require currency conversion for pricing or trading purposes.

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1742180474,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Time-Series Endpoint

The Time-Series Endpoint allows developers to query the API for daily historical rates between two dates of their choice. This feature is invaluable for analyzing price trends over specific periods, enabling users to make data-driven decisions.

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-03-10",
    "end_date": "2025-03-17",
    "base": "USD",
    "rates": {
        "2025-03-10": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-03-12": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-03-17": {
            "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 essential for understanding market volatility and can help traders identify potential opportunities.

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-03-10",
    "end_date": "2025-03-17",
    "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 query the API for the open, high, low, and close prices for Silver over a specific time period. This data is crucial for traders who rely on technical analysis to make informed decisions.

{
    "success": true,
    "timestamp": 1742180474,
    "base": "USD",
    "date": "2025-03-17",
    "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 need to analyze long-term trends in the metals market.

{
    "success": true,
    "timestamp": 1742094074,
    "base": "USD",
    "date": "2025-03-16",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

API Key and Authentication

To access the Metals-API, developers must use an API Key, which is a unique identifier passed into the API base URL's access_key parameter. This key is essential for authentication and ensures that only authorized users can access the data.

API Response Structure

The responses from the Metals-API are structured in a JSON format, making it easy for developers to parse and utilize the data. By default, all exchange rates are relative to USD, and the data returned includes timestamps, base currency, and the rates for various metals.

Practical Use Cases and Integration Strategies

The Metals-API can be integrated into various applications, from trading platforms to financial analysis tools. Here are some practical use cases:

Trading Applications: Developers can create trading applications that utilize real-time data from the Metals-API to execute trades based on current market conditions.
Investment Analysis Tools: By leveraging historical data, analysts can build tools that forecast future price movements and provide insights into market trends.
Supply Chain Management: Businesses can integrate the API to monitor metal prices, helping them make informed purchasing decisions and optimize their supply chains.

Conclusion

The Metals-API is a transformative tool for developers and businesses looking to access real-time and historical data on Silver and other metals. With its comprehensive set of features, including the ability to retrieve historical prices, analyze fluctuations, and convert currencies, the API empowers users to make data-driven decisions in the metals market. By integrating the Metals-API into applications, developers can create innovative solutions that enhance trading strategies, investment analysis, and supply chain management.

For more information on how to get started, refer to the 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 the capabilities and features that can help you leverage metals data effectively.

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