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Get Micro Silver Futures (SIL) Historical Prices using this API

Get Micro Silver Futures (SIL) Historical Prices using this API

Get Micro Silver Futures (SIL) Historical Prices using this API

Get Micro Silver Futures (SIL) Historical Prices using this API

In the world of trading and investment, having access to accurate and timely data is crucial. For those interested in the silver market, obtaining historical prices for Micro Silver Futures (SIL) can be achieved seamlessly through the Metals-API. This powerful API provides developers with the tools to access real-time and historical data on various metals, including silver, which is represented by the symbol XAG. In this blog post, we will explore the significance of silver, the capabilities of the Metals-API, and how to effectively retrieve historical prices.

About Silver (XAG)

Silver, known by its chemical symbol XAG, is not just a precious metal; it plays a pivotal role in various industrial applications. From electronics to solar panels, silver's conductivity and reflective properties make it indispensable in modern technology. The demand for silver is driven not only by its traditional use in jewelry and investment but also by its growing applications in innovative technologies.

As industries evolve, the integration of smart manufacturing and supply chain technology has transformed how silver is sourced and utilized. The digital market analysis of silver prices reflects its volatility and the impact of global economic factors. With the rise of digital platforms, investors can now analyze silver trends and make informed decisions based on real-time data.

API Description

The Metals-API is designed to provide developers with comprehensive access to metals data, enabling the creation of next-generation applications. This API is built on the principles of innovation and technological advancement, offering real-time data that can transform how businesses and individuals interact with metal markets.

With the Metals-API, developers can access a variety of endpoints that cater to different needs. Whether you are looking for the latest rates, historical data, or specific market trends, this API has you covered. The ability to retrieve real-time and historical prices empowers developers to create applications that can analyze market trends, forecast prices, and provide valuable insights to users.

Key Features and Endpoints

The Metals-API offers a range of endpoints that can be utilized to gather data on silver and other metals. Below are some of the key features and their applications:

  • Latest Rates Endpoint: This endpoint provides real-time exchange rate data for silver and other metals. Depending on your subscription plan, updates can occur every 60 minutes or even more frequently. This is essential for traders who need up-to-the-minute information to make quick decisions.
  • Historical Rates Endpoint: Access historical rates dating back to 2019 by appending a specific date to your query. This allows users to analyze past performance and trends, which is crucial for forecasting future movements in the silver market.
  • Bid And Ask Endpoint: This feature enables users to retrieve real-time bid and ask prices for silver. Understanding the spread between these prices is vital for traders looking to optimize their buying and selling strategies.
  • Convert Endpoint: The conversion endpoint allows users to convert amounts from one metal to another or to/from USD. This is particularly useful for investors who deal in multiple currencies and need to understand the value of their investments in different terms.
  • Time-Series Endpoint: Query the API for daily historical rates between two dates of your choice. This feature is beneficial for analyzing trends over specific periods, helping traders identify patterns and make informed decisions.
  • Fluctuation Endpoint: This endpoint provides insights into how silver prices fluctuate over time. By tracking rate changes between two dates, users can assess market volatility and adjust their strategies accordingly.
  • Carat Endpoint: For those interested in gold, this endpoint allows users to retrieve information about gold rates by carat. While primarily focused on gold, it highlights the versatility of the Metals-API in handling various precious metals.
  • Lowest/Highest Price Endpoint: This feature allows users to query the API for the lowest and highest prices of silver over a specified period. Understanding price extremes can help traders identify potential entry and exit points.
  • Open/High/Low/Close (OHLC) Price Endpoint: Retrieve the open, high, low, and close prices for silver on a specific date. This data is crucial for technical analysis and helps traders understand market movements.
  • Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008. This is particularly useful for those interested in the London Metal Exchange's pricing data.
  • API Key: Your unique API key is essential for accessing the Metals-API. It must be included in your API requests to authenticate your access.
  • API Response: The API delivers exchange rates relative to USD by default. Understanding the structure of the API response is crucial for developers to effectively utilize the data.
  • Available Endpoints: The Metals-API features numerous endpoints, each providing different functionalities. Familiarizing yourself with these endpoints is key to maximizing the API's potential.
  • Supported Symbols Endpoint: This endpoint returns a constantly updated list of all available currencies and metals, ensuring that developers have access to the latest data.
  • Gold Price India Endpoint: Retrieve the latest gold price in India, showcasing the API's versatility in providing localized data.
  • News Endpoint: Stay updated with the latest news articles related to various metals, allowing users to stay informed about market trends and developments.

API Endpoint Examples and Responses

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

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1745888790,
    "base": "USD",
    "date": "2025-04-29",
    "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 API successfully retrieved the latest rates for various metals, including silver (XAG), which is priced at 0.03815 per troy ounce.

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1745802390,
    "base": "USD",
    "date": "2025-04-28",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This example shows how to access historical rates for silver on a specific date, allowing for analysis of past price movements.

Time-series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-04-22",
    "end_date": "2025-04-29",
    "base": "USD",
    "rates": {
        "2025-04-22": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-04-24": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-04-29": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

This response provides a time series of rates for silver over a specified period, enabling developers to analyze trends and fluctuations.

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1745888790,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

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

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-04-22",
    "end_date": "2025-04-29",
    "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 specific period, essential for understanding market dynamics.

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

{
    "success": true,
    "timestamp": 1745888790,
    "base": "USD",
    "date": "2025-04-29",
    "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 essential data for traders, showing the open, high, low, and close prices for silver, which is critical for technical analysis.

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1745888790,
    "base": "USD",
    "date": "2025-04-29",
    "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, allowing traders to make informed decisions based on the market spread.

Conclusion

Accessing historical prices for Micro Silver Futures (SIL) is made easy with the Metals-API. By leveraging its powerful endpoints, developers can create applications that provide real-time insights into the silver market, analyze trends, and make informed trading decisions. The API's capabilities, including the latest rates, historical data, and fluctuation tracking, empower users to navigate the complexities of the silver market effectively.

For further exploration, developers can refer to the Metals-API Documentation for detailed information on each endpoint and its functionalities. Additionally, the Metals-API Supported Symbols page provides a comprehensive list of available metals, ensuring that users have access to the latest data.

In a rapidly changing market, having the right tools at your disposal can make all the difference. The Metals-API stands out as a transformative resource for anyone looking to delve into the world of precious metals, particularly silver.

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