Get Silver Continuous Contract (SI00) Historical Prices with Metals-API

In the world of precious metals trading, obtaining accurate historical prices is crucial for making informed decisions. The Silver Continuous Contract (SI00) is a key instrument for traders and investors looking to capitalize on silver's price movements. With the help of the Metals-API, developers can easily access historical prices for silver and other metals, enabling them to build sophisticated applications that analyze market trends and fluctuations.

About Silver (XAG)

Silver, represented by the symbol XAG, is not just a precious metal used for jewelry and investment; it plays a vital role in various industrial applications. Its unique properties make it an essential component in electronics, solar panels, and medical devices. As technology advances, the demand for silver in manufacturing continues to grow, leading to innovative applications that enhance productivity and efficiency.

In the realm of smart manufacturing, silver's conductivity is leveraged to create more efficient electronic components. The integration of supply chain technology has also transformed how silver is sourced and distributed, allowing for real-time tracking and management of inventory. This technological evolution is crucial for businesses looking to optimize their operations and reduce costs.

Furthermore, digital market analysis tools have emerged, enabling traders to monitor silver prices and market trends in real-time. By utilizing advanced algorithms and data analytics, these tools provide insights that help investors make strategic decisions. The combination of industrial applications and digital market analysis positions silver as a key player in the future of manufacturing and investment.

Metals-API Overview

The Metals-API is a powerful tool that provides real-time and historical data for various metals, including silver. This API is designed for developers who want to integrate metals data into their applications seamlessly. With its robust features, Metals-API empowers users to access a wealth of information, enabling them to create next-generation applications that leverage real-time metals data.

One of the standout features of Metals-API is its ability to deliver accurate and timely data. The API supports various endpoints that cater to different needs, from retrieving the latest rates to accessing historical prices dating back to 2019. This flexibility allows developers to tailor their applications to specific use cases, whether they are building trading platforms, analytical tools, or market research applications.

Key Features and Endpoints

The Metals-API offers a range of endpoints that provide valuable functionalities for developers. Here are some of the key features:

Latest Rates Endpoint: This endpoint provides real-time exchange rate data for metals, updated based on your subscription plan. Depending on the plan, updates can occur every 60 minutes or every 10 minutes, ensuring you have the most current information at your fingertips.
Historical Rates Endpoint: Access historical rates for silver and other metals dating back to 2019. By appending a specific date to the API request, developers can retrieve past prices, which is essential for trend analysis and forecasting.
Bid and Ask Endpoint: This feature allows users to retrieve real-time bid and ask prices for metals. Understanding the bid-ask spread is crucial for traders looking to execute orders at optimal prices.
Convert Endpoint: The conversion endpoint enables users to convert amounts from one metal to another or to/from USD. This is particularly useful for applications that require currency conversion for pricing or reporting.
Time-Series Endpoint: Developers can query the API for daily historical rates between two specified dates. This endpoint is invaluable for analyzing price movements over time and identifying trends.
Fluctuation Endpoint: This endpoint provides information about how metal prices fluctuate on a day-to-day basis. Users can track changes in prices over a specified period, helping them understand market volatility.
Carat Endpoint: For those interested in gold, the carat endpoint retrieves information about gold rates by carat. This feature is essential for jewelers and investors focusing on gold quality.
Lowest/Highest Price Endpoint: This endpoint allows 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 OHLC data for a specific time period, which is 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 market analysis.
API Key: Each user is assigned a unique API key, which is required to access the API. This key ensures secure access and helps manage usage limits.
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 offers a variety of endpoints, each providing different functionalities tailored to user needs.
Supported Symbols Endpoint: This endpoint returns a constantly updated list of all available currencies and metals, ensuring developers have access to the latest symbols.
Gold Price India Endpoint: Users can retrieve the latest gold price in India using this dedicated endpoint, which is particularly useful for regional market analysis.
News Endpoint: The Metals-API also provides access to the latest news articles related to various metals, keeping users informed about market developments.

API Endpoint Examples and Responses

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

Latest Rates Endpoint

Get real-time exchange rates for all available metals:

{
    "success": true,
    "timestamp": 1742173349,
    "base": "USD",
    "date": "2025-03-17",
    "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": 1742086949,
    "base": "USD",
    "date": "2025-03-16",
    "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": "2025-03-10",
    "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"
}

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": 1742173349,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Fluctuation Endpoint

Track rate fluctuations between two dates:

{
    "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
        },
        "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) Price Endpoint

Get OHLC data for a specific time period:

{
    "success": true,
    "timestamp": 1742173349,
    "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
        },
        "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": 1742173349,
    "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
        },
        "XPT": {
            "bid": 0.000911,
            "ask": 0.000913,
            "spread": 2.0e-6
        }
    },
    "unit": "per troy ounce"
}

Conclusion

Accessing historical prices for the Silver Continuous Contract (SI00) is made simple and efficient through the Metals-API. With its comprehensive set of features, developers can create applications that analyze market trends, track price fluctuations, and provide valuable insights into the silver market. By leveraging the various endpoints, such as the Latest Rates, Historical Rates, and Time-Series endpoints, users can gain a deeper understanding of silver's price movements and make informed trading decisions.

As the demand for silver continues to rise in industrial applications and investment, utilizing real-time data from Metals-API will be essential for staying ahead in the market. For more information on how to implement these features, refer to the Metals-API Documentation and explore the Metals-API Supported Symbols for a complete list of available metals and their specifications.

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Get Silver Continuous Contract (SI00) Historical Prices with Metals-API