Get updated Silver May 2025 (SIK26) prices using this API

Get Updated Silver May 2025 (SIK26) Prices Using This API

In the ever-evolving landscape of precious metals trading, staying updated with real-time prices is crucial for traders, investors, and developers alike. The Metals-API offers a powerful solution for accessing the latest Silver (XAG) prices, along with a suite of features that can transform how you interact with metal markets. This blog post will delve into the intricacies of Silver, its markets, and how the Metals-API can empower developers to create innovative applications that leverage real-time data.

About Silver (XAG)

Silver, represented by the symbol XAG, is not just a precious metal; it is a vital component in various industrial applications. From electronics to solar panels, Silver's conductivity and reflectivity make it indispensable in modern technology. As industries continue to innovate, the demand for Silver is expected to rise, driven by advancements in manufacturing technologies and smart integration into supply chains.

In the realm of digital market analysis, understanding the fluctuations in Silver prices is essential. The integration of technology in manufacturing processes has led to a more dynamic market, where real-time data can significantly impact decision-making. The Metals-API stands at the forefront of this transformation, providing developers with the tools to build applications that can analyze market trends, track price movements, and make informed trading decisions.

API Description

The Metals-API is a comprehensive solution for accessing real-time and historical data on precious metals. It empowers developers to create next-generation applications that can analyze, visualize, and respond to market changes. With its innovative capabilities, the Metals-API allows for seamless integration into existing systems, enabling businesses to harness the power of real-time metals data.

For more information, you can visit the Metals-API Website or check the Metals-API Documentation for detailed guidance on implementation.

Key Features and Endpoints

The Metals-API offers a variety of endpoints that cater to different needs, each providing unique functionalities that can enhance your applications:

Latest Rates Endpoint: This endpoint provides real-time exchange rate data for Silver and other metals. Depending on your subscription plan, you can receive updates every 60 minutes or even every 10 minutes. This feature is crucial for traders who need to make quick decisions based on the latest market conditions.
Historical Rates Endpoint: Access historical rates dating back to 2019. By appending a specific date to your query, you can retrieve past prices, allowing for in-depth market analysis and trend identification.
Bid And Ask Endpoint: This powerful feature enables you to retrieve real-time bid and ask prices for Silver and other metals. Understanding the spread between these prices is essential for making informed trading decisions.
Convert Endpoint: The Metals-API includes a currency conversion feature, allowing you to convert amounts between different metals or to/from USD. This is particularly useful for traders dealing in multiple currencies.
Time-Series Endpoint: Query the API for daily historical rates between two dates of your choice. This endpoint is invaluable for analyzing trends over specific periods.
Fluctuation Endpoint: Retrieve information about how Silver prices fluctuate on a day-to-day basis. This feature helps traders understand market volatility and make strategic decisions.
Carat Endpoint: For those interested in Gold, this endpoint provides information about Gold rates by carat. Simply append the desired carat value to your query.
Lowest/Highest Price Endpoint: Query the API to get the lowest and highest prices for Silver over a specified period. This information is crucial for identifying market extremes.
Open/High/Low/Close (OHLC) Price Endpoint: This endpoint allows you to retrieve the open, high, low, and close prices for Silver, providing a comprehensive view of market performance.
Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008. This endpoint is particularly useful for those involved in trading on the London Metal Exchange.
API Key: Your unique API key is essential for accessing the Metals-API. It must be included in the API base URL's access_key parameter to authenticate your requests.
API Response: The API delivers exchange rates relative to USD by default, ensuring consistency in your data analysis.
Available Endpoints: The Metals-API features 14 different endpoints, each designed to provide specific functionalities tailored to your needs.
Supported Symbols Endpoint: This constantly updated endpoint returns all available currencies and metal symbols, ensuring you have access to the latest market information.
Gold Price India Endpoint: Retrieve the latest Gold price in India using this dedicated endpoint, which is particularly useful for investors in the Indian market.
News Endpoint: Stay informed with the latest news articles related to various metals, helping you keep abreast of market developments.

List of Symbols

The Metals-API provides access to a comprehensive range of metal symbols. For a complete list of all supported symbols and their specifications, refer to the Metals-API Supported Symbols page.

API Endpoint Examples and Responses

Understanding how to interpret API responses is crucial for effective integration. Below are examples of various endpoints and their corresponding JSON responses:

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1759881671,
    "base": "USD",
    "date": "2025-10-08",
    "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 the current exchange rates for various metals, with Silver (XAG) priced at 0.03815 per troy ounce.

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1759795271,
    "base": "USD",
    "date": "2025-10-07",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This example shows the historical rates for Silver on a specific date, allowing for analysis of past market performance.

Time-series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-10-01",
    "end_date": "2025-10-08",
    "base": "USD",
    "rates": {
        "2025-10-01": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-10-03": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-10-08": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

The time-series response provides a historical view of Silver prices over a specified period, enabling trend analysis.

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1759881671,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This response illustrates how to convert a specific amount from USD to Gold (XAU), showcasing the flexibility of the API.

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-10-01",
    "end_date": "2025-10-08",
    "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 endpoint provides insights into how Silver prices fluctuate over a specified period, helping traders gauge market volatility.

OHLC (Open/High/Low/Close) Endpoint

{
    "success": true,
    "timestamp": 1759881671,
    "base": "USD",
    "date": "2025-10-08",
    "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 response provides a comprehensive view of the market performance for Silver, including its opening, highest, lowest, and closing prices.

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1759881671,
    "base": "USD",
    "date": "2025-10-08",
    "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 endpoint provides the current bid and ask prices for Silver, allowing traders to make informed decisions based on the market spread.

Conclusion

The Metals-API is a powerful tool for anyone involved in the precious metals market, particularly for those focusing on Silver. With its extensive range of endpoints and real-time data capabilities, developers can create innovative applications that enhance trading strategies and market analysis. By leveraging the API's features, such as the Latest Rates, Historical Rates, and Fluctuation endpoints, users can gain valuable insights into market trends and make informed decisions.

For developers looking to integrate this API into their applications, the comprehensive Metals-API Documentation provides all the necessary information to get started. Additionally, the Metals-API Supported Symbols page offers a complete list of available metal symbols, ensuring you have the right data at your fingertips.

In a world where real-time data is paramount, the Metals-API stands out as a transformative solution for accessing and analyzing precious metals prices. Whether you are a trader, developer, or investor, harnessing the power of this API can lead to more informed decisions and a deeper understanding of the metals market.

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Get updated Silver May 2025 (SIK26) prices using this API