Get Silico Manganese (SI-MN) Historical Prices with Metals-API

In the ever-evolving landscape of metal markets, the demand for accurate and timely data has never been more critical. For developers and businesses looking to harness the power of real-time information, the Metals-API offers a robust solution for accessing historical prices of Silico Manganese (SI-MN) and other metals. This blog post delves into the intricacies of obtaining historical prices using Metals-API, focusing on the transformative potential of this technology in the metal industry.

Understanding Manganese (MN)

Manganese, represented by the symbol MN, is a vital metal used in various industrial applications, including steel production, battery manufacturing, and chemical processes. As industries undergo digital transformation, the integration of smart technologies and data analytics has become essential for optimizing operations and enhancing decision-making. The ability to access historical price data for manganese can provide invaluable insights into market trends and fluctuations, enabling businesses to make informed choices.

The digital transformation in metal markets is characterized by technological innovation and advancement. With the rise of data analytics, companies can now leverage historical price data to identify patterns, forecast future trends, and optimize their supply chains. The integration of smart technology allows for real-time monitoring of market conditions, ensuring that businesses remain competitive in a rapidly changing environment.

Metals-API: A Gateway to Real-Time Metal Data

The Metals-API is a powerful tool that empowers developers to build next-generation applications by providing access to real-time and historical metal prices. This API is designed to facilitate seamless integration into various applications, enabling users to retrieve essential data with ease. The API's capabilities extend beyond mere price retrieval; it offers a comprehensive suite of features that can transform how businesses interact with metal markets.

For developers looking to implement the Metals-API, the first step is to familiarize themselves with the Metals-API Documentation. This resource provides detailed information on the API's endpoints, usage examples, and best practices for integration. Additionally, the Metals-API Supported Symbols page offers a comprehensive list of available metal symbols, including Silico Manganese (SI-MN), allowing users to access the specific data they need.

Key Features of Metals-API

The Metals-API boasts several key features that enhance its functionality and usability:

Latest Rates Endpoint: Depending on your subscription plan, this endpoint provides real-time exchange rate data updated every 60 minutes or more frequently. This feature is crucial for businesses that require up-to-the-minute pricing information to make timely decisions.
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 historical price data for Silico Manganese (SI-MN) and other metals, enabling comprehensive market analysis.
Bid and Ask Endpoint: This powerful feature allows users to retrieve real-time bid and ask prices, providing insights into market liquidity and pricing dynamics.
Convert Endpoint: The Metals-API includes a currency conversion endpoint, allowing users to convert any amount 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 enables users to query the API for daily historical rates between two specified dates, making it easier to analyze trends over time.
Fluctuation Endpoint: Users can track rate fluctuations between two dates, providing insights into market volatility and helping businesses manage risk effectively.
Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides detailed pricing information, including the open, high, low, and close prices for a specific time period, essential for technical analysis.
Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, allowing for in-depth analysis of market trends.
API Key: Each user is assigned a unique API key that must be included in API requests, ensuring secure access to the data.
API Response: The Metals-API delivers exchange rates relative to USD by default, with all data returned in a structured JSON format for easy integration.
News Endpoint: Retrieve the latest news articles related to various metals, keeping users informed about market developments.

Exploring API Responses

Understanding the structure of API responses is crucial for developers looking to implement the Metals-API effectively. Below are examples of JSON responses for various endpoints, along with explanations of each field:

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1743552561,
    "base": "USD",
    "date": "2025-04-02",
    "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"
}

In this response, the success field indicates whether the request was successful. The timestamp provides the time of the response, while base indicates the currency used for the rates. The rates object contains the exchange rates for various metals, with each symbol representing a different metal. The unit specifies the measurement unit for the rates.

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1743466161,
    "base": "USD",
    "date": "2025-04-01",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This response provides historical rates for a specific date. The structure is similar to the latest rates response, with the date field indicating the date for which the rates are provided.

Time-Series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-03-26",
    "end_date": "2025-04-02",
    "base": "USD",
    "rates": {
        "2025-03-26": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-03-28": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-04-02": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

The time-series response provides rates for multiple dates within the specified range. Each date is represented as a key in the rates object, with corresponding values for each metal.

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1743552561,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This response illustrates the conversion of an amount from one metal to another. The query object shows the parameters used for the conversion, while the result field provides the converted amount.

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-03-26",
    "end_date": "2025-04-02",
    "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"
}

The fluctuation response provides insights into how rates have changed over a specified period. Each metal's start_rate and end_rate are included, along with the change and change_pct fields, which indicate the absolute and percentage change in rates.

OHLC (Open/High/Low/Close) Endpoint

{
    "success": true,
    "timestamp": 1743552561,
    "base": "USD",
    "date": "2025-04-02",
    "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 detailed pricing information for a specific date, including the opening, highest, lowest, and closing prices for each metal. This data is essential for traders and analysts conducting technical analysis.

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1743552561,
    "base": "USD",
    "date": "2025-04-02",
    "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"
}

The bid/ask response provides current bid and ask prices for metals, along with the spread, which is the difference between the bid and ask prices. This information is crucial for traders looking to execute transactions at favorable rates.

Practical Use Cases and Integration Strategies

Integrating the Metals-API into applications can unlock numerous possibilities for businesses and developers. Here are some practical use cases:

Market Analysis Tools: Developers can create applications that analyze historical price trends for Silico Manganese (SI-MN) and other metals, providing users with insights into market behavior and potential investment opportunities.
Trading Platforms: By leveraging real-time data from the Metals-API, trading platforms can offer users up-to-date pricing information, enabling them to make informed trading decisions.
Risk Management Solutions: Businesses can utilize the fluctuation and historical rates endpoints to assess market volatility and implement risk management strategies effectively.
Supply Chain Optimization: Companies can analyze historical price data to optimize their procurement strategies, ensuring they purchase metals at the most favorable prices.

Conclusion

The Metals-API presents a transformative opportunity for developers and businesses in the metal industry. By providing access to real-time and historical price data for Silico Manganese (SI-MN) and other metals, this API empowers users to make informed decisions, optimize operations, and stay ahead of market trends. With its comprehensive suite of features, including the latest rates, historical rates, and fluctuation tracking, the Metals-API is an essential tool for anyone looking to navigate the complexities of the metal markets.

For more information on how to get started with the Metals-API, visit the Metals-API Website and explore the extensive Metals-API Documentation for detailed guidance on implementation and usage. Don't forget to check the Metals-API Supported Symbols page to find the specific metal symbols you need for your applications.

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