Obtain Micro Silver Futures (SIL) prices using this API

Introduction

In the world of commodities trading, obtaining accurate and real-time data is crucial for making informed decisions. One such commodity that has garnered significant attention is Silver, represented by the symbol XAG. This blog post will delve into the intricacies of obtaining Micro Silver Futures (SIL) prices using the Metals-API. We will explore the markets surrounding Silver, its industrial applications, and how the Metals-API can empower developers to create innovative applications that leverage real-time metals data.

Metals-API Information

About Silver (XAG)

Silver, known scientifically as XAG, is not only a precious metal but also a critical component in various industrial applications. Its unique properties make it an essential material in electronics, solar panels, and even medical devices. The demand for Silver is driven by its role in technological innovation, particularly in the manufacturing sector.

As industries evolve, the integration of smart manufacturing technologies has become paramount. Silver's conductivity and reflectivity make it a preferred choice in high-tech applications. The digital market analysis of Silver prices is crucial for stakeholders, as it provides insights into market trends and potential investment opportunities.

Moreover, advancements in supply chain technology have enabled better tracking and management of Silver resources, ensuring that manufacturers can meet the growing demand efficiently. This is where the Metals-API comes into play, offering developers a robust platform to access real-time data on Silver and other metals.

API Description

The Metals-API is a powerful tool designed to provide developers with real-time and historical data on various metals, including Silver. This API is built on the principles of innovation and technological advancement, allowing users to access comprehensive data that can transform their applications. With the Metals-API, developers can create next-generation applications that analyze market trends, track price fluctuations, and even convert between different metal currencies.

For those interested in exploring the capabilities of the Metals-API, the Metals-API Documentation is an invaluable resource. It provides detailed information on how to implement the API, including endpoint descriptions, response formats, and usage examples.

Key Features and Endpoints

The Metals-API offers a variety of endpoints, each designed to cater to specific needs. Here are some of the key features:

• Latest Rates Endpoint: Depending on your subscription plan, this endpoint returns real-time exchange rate data updated every 60 minutes, every 10 minutes, or even more frequently. This is essential for traders who need up-to-the-minute information on Silver prices.
• Historical Rates Endpoint: Access historical rates for most currencies dating back to 2019. By appending a date to your query, you can retrieve past Silver prices and analyze trends over time.
• Bid And Ask Endpoint: This feature allows you to retrieve real-time Bid and Ask prices for Silver, providing insights into market liquidity and pricing dynamics.
• Convert Endpoint: The Metals-API includes a currency conversion endpoint, enabling users to convert any amount from one metal to another or to/from USD. This is particularly useful for traders dealing with multiple currencies.
• Time-Series Endpoint: Query the API for daily historical rates between two dates of your choice. This allows for detailed analysis of price movements over specific periods.
• Fluctuation Endpoint: Retrieve information about how Silver prices fluctuate on a day-to-day basis, helping traders understand market volatility.
• Carat Endpoint: This endpoint provides information about Gold rates by Carat, which can be useful for those dealing with precious metals in various forms.
• Lowest/Highest Price Endpoint: Query the API to get the lowest and highest price of Silver for a specified date range, aiding in market analysis.
• Open/High/Low/Close (OHLC) Price Endpoint: This endpoint allows you to get 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, which is essential for long-term market analysis.
• API Key: Your API Key is a unique identifier that must be included in your requests to authenticate your access to the API.
• API Response: The Metals-API delivers exchange rates relative to USD by default, ensuring consistency in data interpretation.
• Available Endpoints: The API comes with 14 endpoints, each providing different functionalities to cater to various user needs.
• Supported Symbols Endpoint: This endpoint returns all available currencies, allowing users to stay updated on the latest symbols.
• News Endpoint: Retrieve the latest news articles related to various metals, keeping you informed about 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 the API responses is crucial for effective implementation. Below are examples of various endpoints and their corresponding JSON responses:

Latest Rates Endpoint

Get real-time exchange rates for all available metals.

{
"success": true,
"timestamp": 1768349445,
"base": "USD",
"date": "2026-01-14",
"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": 1768263045,
"base": "USD",
"date": "2026-01-13",
"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": "2026-01-07",
"end_date": "2026-01-14",
"base": "USD",
"rates": {
"2026-01-07": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915
},
"2026-01-09": {
"XAU": 0.000483,
"XAG": 0.0382,
"XPT": 0.000913
},
"2026-01-14": {
"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": 1768349445,
"rate": 0.000482
},
"result": 0.482,
"unit": "troy ounces"
}

Fluctuation Endpoint

Track rate fluctuations between two dates.

{
"success": true,
"fluctuation": true,
"start_date": "2026-01-07",
"end_date": "2026-01-14",
"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) Endpoint

Get OHLC data for a specific time period.

{
"success": true,
"timestamp": 1768349445,
"base": "USD",
"date": "2026-01-14",
"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": 1768349445,
"base": "USD",
"date": "2026-01-14",
"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

In conclusion, the Metals-API provides a comprehensive suite of tools for developers looking to access real-time and historical data on Silver and other metals. By leveraging the various endpoints, developers can create applications that not only track prices but also analyze market trends, convert currencies, and monitor fluctuations. The integration of such data into applications can significantly enhance decision-making processes in trading and investment.

For more information on how to get started with the Metals-API, be sure to check out the Metals-API Documentation. Additionally, the Metals-API Supported Symbols page will provide you with a complete list of available metal symbols, ensuring you have all the resources you need to succeed in your development endeavors.

As the demand for accurate metals data continues to grow, the Metals-API stands out as a transformative tool that empowers developers to innovate and create applications that meet the needs of the modern market.