How to Retrieve Mangalore Silver (MANG-XAG) Historical Prices with this API

Introduction

In the world of precious metals, silver, represented by the symbol XAG, holds a significant place due to its diverse industrial applications and investment potential. As a developer or financial analyst, accessing historical prices for Mangalore Silver (MANG-XAG) can provide valuable insights into market trends and price fluctuations. This blog post will guide you through the process of retrieving historical prices using the Metals-API, a powerful tool designed for real-time metals data.

About Silver (XAG)

Silver is not just a precious metal used for jewelry and coins; it plays a crucial role in various industrial applications. Its high conductivity makes it an essential component in electronics, solar panels, and medical devices. The integration of technology in manufacturing processes has led to innovations that enhance the efficiency and effectiveness of silver utilization. For instance, advancements in smart manufacturing have enabled real-time monitoring of silver usage, optimizing supply chains and reducing waste.

Moreover, the digital market analysis of silver prices has become increasingly important for investors and manufacturers alike. By leveraging data analytics and market trends, stakeholders can make informed decisions about buying, selling, or holding silver. The Metals-API provides developers with the tools to access this critical data seamlessly.

Understanding Metals-API

The Metals-API is a comprehensive JSON API that provides real-time and historical data for various metals, including silver. It empowers developers to build next-generation applications that require accurate and timely metals pricing data. With its innovative features, the API transforms how businesses and individuals interact with metals data.

One of the standout capabilities of the Metals-API is its ability to deliver real-time exchange rates, updated at intervals depending on the subscription plan. This feature is particularly useful for applications that require up-to-the-minute pricing information. Additionally, the API offers historical rates dating back to 2019, allowing users to analyze trends over time.

Key Features of Metals-API

The Metals-API includes a variety of endpoints that cater to different needs:

• Latest Rates Endpoint: This endpoint provides real-time exchange rate data for metals, updated every 60 minutes, every 10 minutes, or even more frequently, depending on your subscription plan. This feature is essential for applications that require the most current pricing information.
• Historical Rates Endpoint: Users can access historical rates for most currencies dating back to 2019. By appending a specific date to the API call, developers can retrieve past pricing data, which is invaluable for trend analysis and forecasting.
• Bid and Ask Endpoint: This powerful feature allows users to retrieve real-time bid and ask prices for metals. Understanding these prices is crucial for traders and investors looking to make informed decisions in the market.
• Convert Endpoint: The Metals-API includes a currency conversion feature, enabling users to convert any amount from one metal to another or to/from USD. This is particularly useful for applications that require multi-currency support.
• Time-Series Endpoint: This endpoint allows users to query the API for daily historical rates between two chosen dates. It is ideal for analyzing price movements over specific periods.
• Fluctuation Endpoint: Users can track how prices fluctuate on a day-to-day basis. This endpoint provides insights into market volatility, helping traders make strategic decisions.
• Carat Endpoint: This feature allows users to retrieve information about gold rates by carat, which is useful for jewelers and manufacturers.
• Lowest/Highest Price Endpoint: This endpoint enables users to query the API for the lowest and highest prices within a specified date range, providing insights into market extremes.
• Open/High/Low/Close (OHLC) Price Endpoint: Users can access open, high, low, and close prices for a specific date, which is essential for technical analysis.
• Historical LME Endpoint: This endpoint provides access to historical rates for LME symbols dating back to 2008, allowing users to analyze long-term trends.
• API Key: Each user is assigned a unique API key, which must be included in the API requests to authenticate access.
• API Response: The API delivers exchange rates relative to USD by default, ensuring consistency in data interpretation.
• Available Endpoints: The Metals-API features 14 different endpoints, each designed to provide specific functionalities tailored to user needs.
• Supported Symbols Endpoint: This endpoint returns a constantly updated list of all available currencies, ensuring users have access to the latest symbols.
• News Endpoint: Users can retrieve the latest news articles related to various metals, keeping them informed about market developments.

Retrieving Historical Prices for Mangalore Silver (MANG-XAG)

To retrieve historical prices for Mangalore Silver using the Metals-API, you will primarily utilize the Historical Rates Endpoint. This endpoint allows you to specify a date and receive the corresponding silver price for that day. The process is straightforward:

GET https://metals-api.com/api/historical?access_key=YOUR_API_KEY&date=YYYY-MM-DD&base=XAG

In this request, replace YOUR_API_KEY with your actual API key and YYYY-MM-DD with the desired date. The response will include the price of silver on that specific date, allowing you to analyze historical trends.

Example Response for Historical Rates

{
    "success": true,
    "timestamp": 1761872441,
    "base": "USD",
    "date": "2025-10-31",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

The response indicates a successful request, providing the silver price in terms of USD per troy ounce. The rates object contains the price of silver (XAG) along with other metals for comparison.

Time-Series Analysis

For a more comprehensive analysis, you can utilize the Time-Series Endpoint to retrieve silver prices over a specified period. This is particularly useful for identifying trends and making forecasts based on historical data.

GET https://metals-api.com/api/timeseries?access_key=YOUR_API_KEY&start_date=YYYY-MM-DD&end_date=YYYY-MM-DD&base=XAG

By specifying a start and end date, you can obtain daily prices for silver within that range. The response will include a time series of prices, allowing for detailed analysis.

Example Response for Time-Series

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-10-25",
    "end_date": "2025-11-01",
    "base": "USD",
    "rates": {
        "2025-10-25": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-10-27": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-11-01": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

This response provides a detailed view of silver prices over the specified period, allowing for in-depth analysis of price movements and trends.

Common Use Cases for Metals-API

The Metals-API can be utilized in various applications, including:

• Investment Analysis: Investors can track historical prices and fluctuations to make informed decisions about buying or selling silver.
• Market Research: Analysts can utilize the API to gather data for reports and market analysis, helping businesses understand market dynamics.
• Trading Platforms: Developers can integrate the API into trading platforms to provide users with real-time pricing data and historical trends.
• Financial Applications: Financial institutions can use the API to enhance their applications with up-to-date metals pricing information.

Performance Optimization and Security Considerations

When integrating the Metals-API into your applications, it's essential to consider performance optimization and security best practices. Here are some strategies:

• Rate Limiting: Be aware of the API's rate limits based on your subscription plan. Implement caching strategies to minimize unnecessary API calls.
• Data Validation: Ensure that all data received from the API is validated and sanitized to prevent security vulnerabilities.
• Error Handling: Implement robust error handling to manage API response errors gracefully and provide users with meaningful feedback.
• Secure API Key Storage: Store your API key securely and avoid exposing it in client-side code.

Conclusion

Retrieving historical prices for Mangalore Silver (MANG-XAG) using the Metals-API is a straightforward process that provides valuable insights into market trends and price fluctuations. By leveraging the API's various endpoints, developers can build powerful applications that cater to the needs of investors, analysts, and traders alike.

With features such as real-time pricing, historical data access, and comprehensive market analysis tools, the Metals-API stands out as an essential resource for anyone involved in the precious metals market. For more information, refer to the Metals-API Documentation and explore the Metals-API Supported Symbols for a complete list of available metals.

By understanding how to effectively utilize the Metals-API, you can enhance your applications, improve decision-making processes, and stay ahead in the dynamic world of precious metals.