Retrieve Hyderabad Silver (XAG-HYDE) Historical Prices from this API

Retrieve Hyderabad Silver (XAG-HYDE) Historical Prices from this API

In today's rapidly evolving digital landscape, the demand for accurate and real-time data has never been higher, especially in the metals market. This blog post will delve into the intricacies of retrieving historical prices for Hyderabad Silver (XAG-HYDE) using the Metals-API. We will explore the significance of silver in various industries, the innovative capabilities of the Metals-API, and how developers can leverage this powerful tool to create next-generation applications.

About Silver (XAG)

Silver, represented by the symbol XAG, is not just a precious metal; it plays a crucial role in various industrial applications. From electronics to solar panels, silver's unique properties make it indispensable in modern technology. The integration of smart manufacturing and supply chain technology has further enhanced its significance. As industries innovate, the demand for silver continues to rise, leading to a dynamic market that requires real-time data for informed decision-making.

In the realm of digital market analysis, understanding the fluctuations in silver prices is vital for investors and manufacturers alike. The ability to access historical prices allows stakeholders to analyze trends, forecast future movements, and make strategic decisions. This is where the Metals-API comes into play, offering a comprehensive suite of tools for developers to harness the power of real-time metals data.

API Description

The Metals-API is a robust platform designed to provide developers with real-time and historical data on various metals, including silver. With its innovative architecture, the API empowers users to build applications that can track market trends, analyze historical data, and even convert between different metal prices. The transformative potential of real-time data cannot be overstated, as it allows businesses to adapt quickly to market changes.

One of the standout features of the Metals-API is its ability to deliver data at different intervals based on subscription plans. Whether you need updates every 60 minutes or every 10 minutes, the API can cater to your needs. This flexibility is crucial for developers looking to create applications that require timely information.

Key Features and Endpoints

The Metals-API offers a variety of endpoints that serve different purposes, each designed to provide specific functionalities. Here are some of the key features:

• Latest Rates Endpoint: This endpoint provides real-time exchange rate data for metals, updated based on your subscription plan. For instance, if you are tracking the price of silver, you can receive updates every 10 minutes, ensuring you have the most current information.
• Historical Rates Endpoint: Access historical rates dating back to 2019. By appending a specific date to your query, you can retrieve the price of silver on any given day, allowing for in-depth analysis of price trends over time.
• Bid And Ask Endpoint: This feature enables you to retrieve real-time bid and ask prices for metals, providing insights into market liquidity and pricing dynamics.
• Convert Endpoint: The conversion feature allows you to convert any amount from one metal to another or to/from USD, making it easier to manage transactions across different currencies.
• Time-Series Endpoint: Query the API for daily historical rates between two dates of your choice. This is particularly useful for analyzing trends over specific periods.
• Fluctuation Endpoint: Track how prices fluctuate between two dates, providing insights into market volatility and helping you make informed decisions.
• Carat Endpoint: Retrieve information about gold rates by carat, which is essential for jewelers and manufacturers in the jewelry industry.
• Lowest/Highest Price Endpoint: This endpoint allows you to query the API to get the lowest and highest price of silver within a specified timeframe.
• Open/High/Low/Close (OHLC) Price Endpoint: Access detailed OHLC data for a specific time period, which is crucial for traders looking to analyze market performance.
• Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, providing a comprehensive view of market trends.
• API Key: Your unique API key is essential for accessing the API, ensuring secure and authenticated requests.
• API Response: The API delivers exchange rates relative to USD, with all data returned in a structured JSON format, making it easy to integrate into applications.
• Available Endpoints: The Metals-API comes with a constantly updated endpoint that returns all available currencies, ensuring you have the latest information at your fingertips.
• Gold Price India Endpoint: Retrieve the latest gold price in India, which can be useful for investors and traders in the region.
• News Endpoint: Stay updated with the latest news articles related to various metals, providing context and insights into market movements.

API Endpoint Examples and Responses

Understanding how to interact with the Metals-API is crucial for developers. Below are examples of various endpoints and their corresponding JSON responses:

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1747458013,
    "base": "USD",
    "date": "2025-05-17",
    "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 current price of silver (XAG) is 0.03815 per troy ounce, relative to USD.

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1747371613,
    "base": "USD",
    "date": "2025-05-16",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This response shows the historical price of silver on May 16, 2025, allowing users to analyze past trends.

Time-Series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-05-10",
    "end_date": "2025-05-17",
    "base": "USD",
    "rates": {
        "2025-05-10": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-05-12": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-05-17": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

This endpoint allows users to retrieve exchange rates for a specific time period, providing a comprehensive view of price movements.

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1747458013,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

With the Convert Endpoint, users can easily convert amounts between different metals or to/from USD, streamlining financial transactions.

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-05-10",
    "end_date": "2025-05-17",
    "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 specified period, which is essential for market analysis.

OHLC (Open/High/Low/Close) Price Endpoint

{
    "success": true,
    "timestamp": 1747458013,
    "base": "USD",
    "date": "2025-05-17",
    "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"
}

The OHLC endpoint provides a detailed view of market performance, allowing traders to make informed decisions based on historical data.

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1747458013,
    "base": "USD",
    "date": "2025-05-17",
    "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 endpoint provides current bid and ask prices, which are crucial for traders looking to execute transactions at optimal prices.

Conclusion

In conclusion, the Metals-API offers a comprehensive solution for developers seeking to retrieve historical prices for Hyderabad Silver (XAG-HYDE) and other metals. With its array of endpoints, including the latest rates, historical rates, and fluctuation tracking, the API empowers users to make informed decisions based on real-time data. The ability to convert between different metals and currencies further enhances its utility in the fast-paced world of metal trading.

For developers looking to integrate this powerful tool into their applications, the Metals-API Documentation provides extensive guidance on how to utilize each endpoint effectively. Additionally, the Metals-API Supported Symbols page offers a comprehensive list of available metal symbols, ensuring that users have access to the latest information.

As the demand for accurate and timely metals data continues to grow, leveraging the capabilities of the Metals-API will undoubtedly position developers and businesses for success in the evolving market landscape.