How to Get Delhi Silver (XAG-DELH) Historical Prices with this API

Introduction

In the world of precious metals, silver (XAG) holds a significant place due to its diverse industrial applications and investment potential. For developers and analysts looking to access historical prices of Delhi Silver (XAG-DELH), the Metals-API provides a robust solution. This blog post will delve into the capabilities of the Metals-API, focusing on how to retrieve historical prices, analyze trends, and leverage real-time data for innovative applications.

About Silver (XAG)

Silver, represented by the symbol XAG, is not just a precious metal used for jewelry and investment; it plays a crucial role in various industrial applications. From electronics to solar panels, silver's unique properties make it indispensable in modern technology. As industries evolve, the demand for silver continues to grow, driven by innovation and technological advancements.

Industrial Applications and Innovation

The industrial applications of silver are vast. In electronics, silver is used in conductors, switches, and batteries due to its excellent conductivity. The rise of smart manufacturing has further integrated silver into advanced technologies, enhancing efficiency and performance. Moreover, the renewable energy sector, particularly solar energy, relies heavily on silver for photovoltaic cells, making it a critical component in the transition to sustainable energy sources.

Technology in Manufacturing

With the advent of Industry 4.0, the manufacturing sector is undergoing a transformation. Technologies such as IoT (Internet of Things) and AI (Artificial Intelligence) are being integrated into manufacturing processes, optimizing production and supply chain management. Silver's role in these technologies is pivotal, as it is often used in sensors and other electronic components that drive smart manufacturing.

Digital Market Analysis

The digital market for silver is influenced by various factors, including supply chain dynamics, geopolitical events, and economic indicators. Understanding these factors requires access to accurate and timely data. The Metals-API offers developers the tools to analyze market trends and make informed decisions based on historical and real-time data.

Smart Manufacturing Integration

Smart manufacturing leverages data analytics to enhance production processes. By integrating silver's market data into manufacturing systems, companies can optimize their supply chains, reduce costs, and improve product quality. The Metals-API facilitates this integration by providing real-time data that can be used to inform production schedules and inventory management.

Supply Chain Technology

Supply chain technology is evolving, with a focus on transparency and efficiency. Silver's supply chain is complex, involving mining, refining, and distribution. By utilizing the Metals-API, businesses can track silver prices and trends, allowing for better forecasting and strategic planning. This capability is essential for companies looking to maintain a competitive edge in the market.

API Description

The Metals-API is a powerful tool designed for developers seeking to access real-time and historical data on various metals, including silver. This API empowers developers to build next-generation applications that require accurate and up-to-date information. With its innovative features, the Metals-API transforms how businesses and individuals interact with metals data.

Key Features and Endpoints

The Metals-API offers a range of endpoints that cater to different data needs. Depending on your subscription plan, you can access real-time exchange rates, historical data, and various other functionalities.

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 updates every 60 minutes or more frequently. This feature is crucial for traders and analysts who need to make quick decisions based on the latest market conditions.

{
    "success": true,
    "timestamp": 1750474896,
    "base": "USD",
    "date": "2025-06-21",
    "rates": {
        "XAU": 0.000482,
        "XAG": 0.03815,
        "XPT": 0.000912,
        "XPD": 0.000744
    },
    "unit": "per troy ounce"
}

Historical Rates Endpoint

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 data for analysis and reporting purposes. This feature is particularly useful for understanding market trends over time.

{
    "success": true,
    "timestamp": 1750388496,
    "base": "USD",
    "date": "2025-06-20",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915
    },
    "unit": "per troy ounce"
}

Bid And Ask Endpoint

The Bid and Ask Endpoint provides real-time bid and ask prices for silver. This feature is essential for traders who need to understand the market's current buying and selling prices. Depending on your subscription plan, this endpoint can deliver timely data to inform trading strategies.

{
    "success": true,
    "timestamp": 1750474896,
    "base": "USD",
    "date": "2025-06-21",
    "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 amounts between different metals or to/from USD. This feature is particularly useful for businesses that deal with multiple currencies and need to calculate prices accurately.

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1750474896,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Time-Series Endpoint

The Time-Series Endpoint allows users to query the API for daily historical rates between two dates of their choice. This feature is invaluable for analysts looking to study price movements over specific periods.

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-06-14",
    "end_date": "2025-06-21",
    "base": "USD",
    "rates": {
        "2025-06-14": {
            "XAU": 0.000485,
            "XAG": 0.03825
        },
        "2025-06-21": {
            "XAU": 0.000482,
            "XAG": 0.03815
        }
    },
    "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 making informed trading decisions.

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-06-14",
    "end_date": "2025-06-21",
    "base": "USD",
    "rates": {
        "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 retrieve the open, high, low, and close prices for silver over a specific time period. This data is crucial for traders who analyze price patterns and trends.

{
    "success": true,
    "timestamp": 1750474896,
    "base": "USD",
    "date": "2025-06-21",
    "rates": {
        "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 involved in trading and investment, allowing them to analyze long-term trends.

API Key and Authentication

To access the Metals-API, users must obtain an API key. This unique key is passed into the API base URL's access_key parameter, ensuring secure access to the data. Proper authentication is crucial for maintaining data integrity and security.

API Response Structure

The API responses are structured in JSON format, providing a clear and organized way to access data. Each response includes fields such as success, timestamp, base currency, date, rates, and unit. Understanding these fields is essential for developers to effectively utilize the API.

Common Use Cases

Developers can leverage the Metals-API for various applications, including:

• Building trading platforms that require real-time price data.
• Creating analytical tools for market research and forecasting.
• Integrating metals data into ERP systems for inventory management.

Performance Optimization and Scaling

As applications scale, performance optimization becomes critical. Developers should consider implementing caching strategies to reduce API calls and improve response times. Additionally, understanding rate limits and quota management is essential for maintaining application performance.

Security Best Practices

When integrating the Metals-API, developers should adhere to security best practices, including:

• Using HTTPS to encrypt data in transit.
• Regularly rotating API keys to minimize security risks.
• Implementing error handling and recovery strategies to manage API failures gracefully.

Conclusion

The Metals-API offers a comprehensive solution for accessing historical prices and real-time data for silver (XAG). By leveraging its powerful features, developers can create innovative applications that enhance market analysis and trading strategies. With a focus on technological advancement and data integration, the Metals-API empowers businesses to navigate the complexities of the silver market effectively. For more information, visit the Metals-API Documentation and explore the Metals-API Supported Symbols for a complete list of available metals.