Query Nagpur Silver (NAGP-XAG) Historical Prices using this API
Query Nagpur Silver (NAGP-XAG) Historical Prices using this API
In today's fast-paced financial landscape, the ability to access real-time and historical data is crucial for developers and businesses alike. One of the most sought-after metals in the market is Silver, represented by the symbol XAG. This blog post will delve into how to effectively query historical prices for Silver using the Metals-API. We will explore the capabilities of this powerful API, its endpoints, and how it can be leveraged for various applications, from industrial uses to digital market analysis.
About Silver (XAG)
Silver, known for its lustrous appearance and unique properties, plays a significant role in various industries. Its industrial applications range from electronics to solar panels, where it is utilized for its excellent conductivity. As technology advances, the demand for Silver continues to grow, particularly in smart manufacturing and innovative applications. The integration of supply chain technology has also transformed how Silver is sourced and distributed, making real-time data access essential for stakeholders.
The digital market analysis of Silver has become increasingly sophisticated, with tools and APIs enabling developers to create applications that provide insights into price fluctuations, historical trends, and market forecasts. The Metals-API Documentation offers a comprehensive guide for developers looking to tap into this wealth of information.
API Description
The Metals-API is a robust platform that provides real-time and historical data for various metals, including Silver (XAG). With its innovative architecture, the API empowers developers to build next-generation applications that require accurate and timely metals data. The API's capabilities extend beyond simple price retrieval; it offers a suite of endpoints designed to cater to diverse needs, from real-time rate fetching to historical data analysis.
One of the standout features of the Metals-API is its ability to provide data in a user-friendly JSON format, making it easy for developers to integrate into their applications. The API supports multiple endpoints, each designed for specific functionalities, ensuring that users can access the precise data they need without unnecessary complexity.
Key Features and Endpoints
The Metals-API offers a variety of endpoints that cater to different data requirements. 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 updates this data every 60 minutes or more frequently, allowing you to stay informed about market changes.
- Historical Rates Endpoint: Users can access historical rates for Silver dating back to 2019. By appending a specific date to the API request, developers can retrieve past prices, which is invaluable for trend analysis and forecasting.
- Bid and Ask Endpoint: This feature enables users to retrieve real-time bid and ask prices for Silver, providing insights into market liquidity and pricing dynamics.
- Convert Endpoint: The API includes a currency conversion feature, allowing users to convert amounts between different metals or to/from USD. This is particularly useful for financial applications that require multi-metal transactions.
- Time-Series Endpoint: Developers can query the API for daily historical rates between two specified dates, enabling comprehensive analysis of price movements over time.
- Fluctuation Endpoint: This endpoint tracks how Silver prices fluctuate between two dates, providing insights into market volatility and trends.
- Open/High/Low/Close (OHLC) Price Endpoint: Users can access detailed OHLC data for Silver, which is essential for technical analysis and trading strategies.
- Historical LME Endpoint: For those interested in the London Metal Exchange (LME) prices, this endpoint provides historical rates dating back to 2008.
- API Key: Each user is assigned a unique API key that must be included in requests to authenticate access to the API.
- API Response: The API returns exchange rates relative to USD by default, ensuring consistency and ease of use.
- Supported Symbols Endpoint: This endpoint provides a constantly updated list of all available metal symbols, ensuring developers can easily find the data they need.
- News Endpoint: Users can retrieve the latest news articles related to various metals, keeping them informed about market developments.
Example API Responses
Understanding the structure of API responses is crucial for effective integration. Here are some example responses for key endpoints:
Latest Rates Endpoint
{
"success": true,
"timestamp": 1764212519,
"base": "USD",
"date": "2025-11-27",
"rates": {
"XAU": 0.000482,
"XAG": 0.03815,
"XPT": 0.000912,
"XPD": 0.000744
},
"unit": "per troy ounce"
}
This response indicates that the latest price for Silver (XAG) is 0.03815 per troy ounce, providing a snapshot of the current market situation.
Historical Rates Endpoint
{
"success": true,
"timestamp": 1764126119,
"base": "USD",
"date": "2025-11-26",
"rates": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915
},
"unit": "per troy ounce"
}
This historical data shows the price of Silver on a specific date, allowing for analysis of price trends over time.
Time-Series Endpoint
{
"success": true,
"timeseries": true,
"start_date": "2025-11-20",
"end_date": "2025-11-27",
"base": "USD",
"rates": {
"2025-11-20": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915
},
"2025-11-22": {
"XAU": 0.000483,
"XAG": 0.0382,
"XPT": 0.000913
},
"2025-11-27": {
"XAU": 0.000482,
"XAG": 0.03815,
"XPT": 0.000912
}
},
"unit": "per troy ounce"
}
This response provides a time series of Silver prices over a specified period, enabling developers to visualize trends and fluctuations.
Convert Endpoint
{
"success": true,
"query": {
"from": "USD",
"to": "XAU",
"amount": 1000
},
"info": {
"timestamp": 1764212519,
"rate": 0.000482
},
"result": 0.482,
"unit": "troy ounces"
}
This conversion response indicates that 1000 USD is equivalent to 0.482 troy ounces of Gold (XAU), showcasing the API's versatility in handling different metals.
Fluctuation Endpoint
{
"success": true,
"fluctuation": true,
"start_date": "2025-11-20",
"end_date": "2025-11-27",
"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
}
},
"unit": "per troy ounce"
}
This fluctuation response provides insights into how Silver prices have changed over a specified period, which is essential for traders and analysts.
OHLC (Open/High/Low/Close) Price Endpoint
{
"success": true,
"timestamp": 1764212519,
"base": "USD",
"date": "2025-11-27",
"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
}
},
"unit": "per troy ounce"
}
This endpoint provides detailed price information for Silver, including the opening, highest, lowest, and closing prices for a specific date, which is crucial for technical analysis.
Bid/Ask Endpoint
{
"success": true,
"timestamp": 1764212519,
"base": "USD",
"date": "2025-11-27",
"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"
}
This bid/ask response provides essential information for traders, indicating the current market prices for buying and selling Silver.
Common Use Cases and Integration Strategies
The Metals-API can be integrated into various applications, providing developers with the tools to create powerful financial solutions. Here are some common use cases:
- Trading Platforms: Developers can use the API to build trading platforms that provide real-time and historical data for Silver, enabling users to make informed trading decisions.
- Market Analysis Tools: By integrating the API, developers can create analytical tools that visualize price trends, fluctuations, and historical data, helping users understand market dynamics.
- Financial Applications: The API can be used in financial applications that require accurate metal pricing for investment portfolios, risk management, and asset allocation.
- Supply Chain Management: Businesses in the manufacturing sector can utilize the API to track Silver prices, optimizing procurement strategies and inventory management.
Performance Optimization and Security Considerations
When integrating the Metals-API, developers should consider performance optimization strategies to ensure efficient data retrieval and processing. Here are some best practices:
- Rate Limiting: Be mindful of the API's rate limits based on your subscription plan. Implement caching strategies to reduce the number of requests made to the API.
- Error Handling: Implement robust error handling to manage API response errors gracefully. This includes retry mechanisms for transient errors and user notifications for critical failures.
- Data Validation: Ensure that all data received from the API is validated and sanitized before processing to prevent security vulnerabilities.
- Secure API Key Management: Store your API key securely and avoid exposing it in client-side code. Use environment variables or secure vaults for sensitive information.
Conclusion
In conclusion, the Metals-API provides a comprehensive solution for accessing real-time and historical data for Silver (XAG) and other metals. Its robust features and endpoints empower developers to create innovative applications that cater to various industries, from trading platforms to supply chain management. By leveraging the API's capabilities, developers can gain valuable insights into market trends and fluctuations, enhancing their applications' functionality and user experience.
For more information on how to get started with the Metals-API, refer to the Metals-API Documentation and explore the Metals-API Supported Symbols for a complete list of available metals. With the right tools and knowledge, you can harness the power of real-time metals data to drive your applications forward.