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Obtain Silver Bid (XAG-BID) Historical Prices using this API

Obtain Silver Bid (XAG-BID) Historical Prices using this API

Obtain Silver Bid (XAG-BID) Historical Prices using this API

Obtain Silver Bid (XAG-BID) Historical Prices using this API

In today's fast-paced financial landscape, obtaining accurate and timely data is crucial for developers and businesses alike. One of the most sought-after commodities in the market is silver, represented by the symbol XAG. With the rise of digital currencies and the increasing importance of real-time data, leveraging APIs to access historical prices of silver has become essential. In this blog post, we will explore how to obtain historical prices for Silver Bid (XAG-BID) using the Metals-API, a powerful tool that provides comprehensive data on various metals.

Metals-API Information

The Metals-API is designed to provide developers with real-time and historical data on precious metals, including silver. It offers a wide range of endpoints that allow users to access the latest rates, historical prices, and even perform conversions between different metals and currencies. The API is built with innovation in mind, enabling developers to create next-generation applications that can analyze market trends, track fluctuations, and integrate seamlessly into existing systems.

About Silver (XAG)

Silver, denoted by the symbol XAG, is not only a precious metal but also a critical component in various industrial applications. Its unique properties make it valuable in electronics, solar panels, and even medical devices. As technology advances, the demand for silver in manufacturing continues to grow, leading to innovative applications that enhance efficiency and sustainability.

In the realm of digital market analysis, silver's price is influenced by numerous factors, including supply chain dynamics, geopolitical events, and market speculation. The integration of smart manufacturing technologies has further transformed how silver is sourced and utilized, making real-time data access more critical than ever. By using the Metals-API, developers can tap into a wealth of information that allows for informed decision-making and strategic planning.

API Description

The Metals-API is a robust platform that empowers developers to access real-time and historical data on metals, including silver. With its user-friendly interface and comprehensive documentation, developers can quickly integrate the API into their applications. The API supports various functionalities, such as retrieving the latest rates, historical prices, and even performing conversions between different metals.

For more detailed information, you can refer to the Metals-API Documentation, which provides extensive guidance on how to utilize the API effectively. Additionally, the Metals-API Supported Symbols page offers a complete list of available metal symbols, ensuring that developers can access the data they need.

Key Features and Endpoints

The Metals-API offers a variety of endpoints that cater to different data needs. Here are some of the key features:

  • Latest Rates Endpoint: This endpoint provides real-time exchange rate data for silver and other metals. Depending on your subscription plan, the API can return updated rates every 60 minutes, every 10 minutes, or even more frequently. This feature is essential for applications that require up-to-the-minute pricing information.
  • Historical Rates Endpoint: Access historical rates for silver dating back to 2019. By appending a specific date to the API request, developers can retrieve past prices, enabling them to analyze trends and make informed decisions based on historical data.
  • Bid And Ask Endpoint: This powerful feature allows users to retrieve real-time bid and ask prices for silver. Understanding the bid-ask spread is crucial for traders and investors looking to optimize their buying and selling strategies.
  • Convert Endpoint: The Metals-API includes a currency conversion endpoint, allowing users to convert amounts between different metals or from/to USD. This feature is particularly useful for applications that require multi-currency support.
  • Time-Series Endpoint: Developers can query the API for daily historical rates between two dates of their choice. This endpoint is invaluable for analyzing price movements over specific periods, helping to identify patterns and trends.
  • Fluctuation Endpoint: This endpoint provides insights into how silver prices fluctuate on a day-to-day basis. By tracking these fluctuations, developers can build applications that alert users to significant price changes.
  • Carat Endpoint: For applications focused on gold, the carat endpoint allows users to retrieve gold rates based on carat weight. This feature is essential for jewelers and gold traders.
  • Lowest/Highest Price Endpoint: This endpoint enables users to query the API for the lowest and highest prices of silver over a specified period, providing insights into market volatility.
  • Open/High/Low/Close (OHLC) Price Endpoint: Developers can access OHLC data for silver, which is crucial for technical analysis and understanding market trends.
  • 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 for authentication when making requests to the API. This ensures secure access to the data.
  • API Response: The Metals-API delivers exchange rates relative to USD by default, with all data returned in a structured JSON format. Understanding the response structure is crucial for developers to effectively parse and utilize the data.
  • Available Endpoints: The API provides a constantly updated list of available endpoints, ensuring developers can access the latest features and functionalities.
  • Gold Price India Endpoint: For users interested in gold prices specifically in India, this dedicated endpoint provides the latest rates.
  • News Endpoint: The Metals-API includes a news endpoint that retrieves the latest articles related to various metals, keeping users informed about market developments.

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

{
    "success": true,
    "timestamp": 1747918814,
    "base": "USD",
    "date": "2025-05-22",
    "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 that the request was successful and provides the latest exchange rates for various metals, including silver (XAG).

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1747832414,
    "base": "USD",
    "date": "2025-05-21",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This example shows how to retrieve historical rates for a specific date, allowing developers to analyze past performance.

Time-series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-05-15",
    "end_date": "2025-05-22",
    "base": "USD",
    "rates": {
        "2025-05-15": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-05-17": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-05-22": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

This response provides daily rates for a specified time period, allowing for detailed trend analysis.

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1747918814,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This example demonstrates how to convert an amount from one metal to another, providing both the conversion rate and the result.

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-05-15",
    "end_date": "2025-05-22",
    "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 response provides insights into how silver prices have fluctuated over a specific period, which is vital for traders looking to capitalize on market movements.

OHLC (Open/High/Low/Close) Endpoint

{
    "success": true,
    "timestamp": 1747918814,
    "base": "USD",
    "date": "2025-05-22",
    "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 endpoint provides critical data for technical analysis, allowing traders to assess market performance over a specific period.

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1747918814,
    "base": "USD",
    "date": "2025-05-22",
    "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 response provides the current bid and ask prices for silver, which is essential for traders looking to execute orders efficiently.

Conclusion

In conclusion, obtaining historical prices for Silver Bid (XAG-BID) using the Metals-API is a straightforward process that can significantly enhance your applications. By leveraging the various endpoints offered by the API, developers can access real-time data, analyze historical trends, and perform conversions with ease. The comprehensive documentation and support provided by the Metals-API ensure that developers can implement these features effectively.

As the demand for accurate and timely data continues to grow, utilizing APIs like the Metals-API will empower developers to create innovative solutions that meet the needs of the market. Whether you are building a trading platform, a market analysis tool, or an application that requires real-time pricing information, the Metals-API is an invaluable resource.

For more information on how to get started, visit the Metals-API Website and explore the extensive Metals-API Documentation for detailed guidance on implementation. Don't forget to check the Metals-API Supported Symbols page to ensure you have access to all the data you need.

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