Query Raipur Silver (RAIP-XAG) Historical Prices with this API

In the ever-evolving landscape of precious metals trading, understanding the historical prices of silver, represented by the symbol XAG, is crucial for investors, traders, and developers alike. With the advent of advanced technologies and APIs, accessing real-time and historical data has never been easier. One such powerful tool is the Metals-API, which provides comprehensive access to metal prices, including silver. This blog post will delve into the capabilities of the Metals-API, focusing on how to query historical prices for silver and explore the various features that make it an invaluable resource for developers.

About Silver (XAG)

Silver, known by its chemical symbol Ag, 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, medical devices, and even in the production of jewelry. The demand for silver is driven by both its aesthetic appeal and its functional applications, leading to a dynamic market influenced by technological advancements and innovation.

Industrial Applications and Innovation

Silver's industrial applications are vast. In electronics, it is used in conductors, switches, and soldering materials due to its excellent conductivity. The rise of smart manufacturing and the Internet of Things (IoT) has further increased the demand for silver in high-tech devices. Innovations in solar technology, where silver is used in photovoltaic cells, have also contributed to its growing importance in renewable energy sectors. As industries continue to evolve, the integration of silver into new technologies will likely expand, making real-time data on its pricing essential for market participants.

Technology in Manufacturing

The manufacturing sector is increasingly leveraging technology to enhance efficiency and reduce costs. Smart manufacturing techniques, including automation and data analytics, are transforming how silver is processed and utilized. By utilizing APIs like Metals-API, manufacturers can access up-to-date pricing information, allowing them to make informed decisions regarding procurement and inventory management. This integration of technology not only streamlines operations but also enhances competitiveness in the market.

Digital Market Analysis

Understanding market trends is vital for anyone involved in trading silver. Digital market analysis tools, powered by APIs, enable traders to analyze historical price data, identify patterns, and make predictions about future movements. The Metals-API provides historical rates dating back to 2019, allowing users to conduct thorough analyses of price fluctuations over time. This data is invaluable for developing trading strategies and understanding market dynamics.

Smart Manufacturing Integration

As industries adopt smart manufacturing practices, the need for real-time data becomes even more critical. The Metals-API empowers developers to create applications that integrate seamlessly with manufacturing processes, providing real-time pricing data for silver. This integration allows manufacturers to adjust their operations based on current market conditions, optimizing production schedules and reducing waste.

Supply Chain Technology

Supply chain management is another area where silver plays a significant role. The ability to track and manage silver prices throughout the supply chain can lead to significant cost savings. By utilizing the Metals-API, businesses can monitor price changes in real-time, allowing them to make timely decisions regarding purchases and sales. This capability is essential for maintaining a competitive edge in the market.

Metals-API Overview

The Metals-API is a powerful tool designed for developers seeking to integrate metal price data into their applications. It offers a range of features that cater to various needs, from real-time pricing to historical data analysis. The API is designed to be user-friendly, with comprehensive documentation that guides developers through the integration process.

Key Features of Metals-API

The Metals-API boasts several key features that enhance its functionality:

• Latest Rates Endpoint: Depending on your subscription plan, this endpoint provides real-time exchange rate data updated every 60 minutes or even more frequently. This feature is essential for traders who need 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 request, developers can retrieve historical price data for silver, enabling in-depth analysis.
• Bid and Ask Endpoint: This feature allows users 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, allowing users to convert amounts between different metals or to/from USD. This feature is particularly useful for traders dealing with multiple currencies.
• Time-Series Endpoint: This endpoint enables users to query the API for daily historical rates between two specified dates, facilitating comprehensive trend analysis.
• Fluctuation Endpoint: Users can track how silver prices fluctuate on a day-to-day basis, providing insights into market volatility.
• Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides detailed pricing information, including the open, high, low, and close prices for silver over a specified period.
• Lowest/Highest Price Endpoint: Users can query the API to obtain the lowest and highest prices for silver over a given timeframe, aiding in market analysis.
• Historical LME Endpoint: This endpoint provides access to historical rates for LME symbols, dating back to 2008, offering a broader perspective on market trends.
• API Key: Each user is assigned a unique API key, which is required for authentication when making requests to the API.
• API Response: The API delivers exchange rates relative to USD by default, ensuring consistency in data presentation.
• Supported Symbols Endpoint: This endpoint provides a constantly updated list of all available metal symbols, ensuring users have access to the latest information.
• News Endpoint: Users can retrieve the latest news articles related to various metals, keeping them informed about market developments.

API Endpoint Examples and Responses

To illustrate the capabilities of the Metals-API, let's explore some example responses from various endpoints:

Latest Rates Endpoint

This endpoint provides real-time exchange rates for all available metals, including silver:

{
"success": true,
"timestamp": 1765544418,
"base": "USD",
"date": "2025-12-12",
"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": 1765458018,
"base": "USD",
"date": "2025-12-11",
"rates": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915,
"XPD": 0.000748
},
"unit": "per troy ounce"
}

Time-Series Endpoint

This endpoint allows users to retrieve exchange rates for a specific time period:

{
"success": true,
"timeseries": true,
"start_date": "2025-12-05",
"end_date": "2025-12-12",
"base": "USD",
"rates": {
"2025-12-05": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915
},
"2025-12-07": {
"XAU": 0.000483,
"XAG": 0.0382,
"XPT": 0.000913
},
"2025-12-12": {
"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": 1765544418,
"rate": 0.000482
},
"result": 0.482,
"unit": "troy ounces"
}

Fluctuation Endpoint

Track rate fluctuations between two dates:

{
"success": true,
"fluctuation": true,
"start_date": "2025-12-05",
"end_date": "2025-12-12",
"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": 1765544418,
"base": "USD",
"date": "2025-12-12",
"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": 1765544418,
"base": "USD",
"date": "2025-12-12",
"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 XAG symbol for silver represents a dynamic market influenced by various factors, including industrial applications, technological advancements, and market analysis. The Metals-API provides a robust platform for accessing real-time and historical data, empowering developers to create innovative applications that leverage this information. With features such as the Latest Rates Endpoint, Historical Rates Endpoint, and various conversion tools, the API offers a comprehensive solution for anyone looking to engage with the silver market.

By understanding the capabilities of the Metals-API and how to effectively query historical prices, developers can enhance their applications, provide valuable insights, and ultimately contribute to the evolution of 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.