Retrieve LBMA Silver (LBXAG) Historical Prices through Metals-API

Retrieve LBMA Silver (LBXAG) Historical Prices through Metals-API

In the world of precious metals, silver (XAG) holds a significant place not only as a valuable asset but also as a crucial component in various industrial applications. For developers and businesses looking to access historical prices of silver, the Metals-API provides a robust solution. This blog post will delve into the capabilities of the Metals-API, focusing on how to retrieve historical prices for silver and explore the broader implications of real-time metals data in today's digital landscape.

About Silver (XAG)

Silver, represented by the symbol XAG, is not just a precious metal used for jewelry and investment; it plays a vital role in numerous industrial applications. From electronics to solar panels, silver's unique properties make it indispensable in modern manufacturing. As technology advances, the demand for silver in innovative applications continues to grow, driving the need for accurate and timely data on its pricing.

With the integration of smart manufacturing and supply chain technology, businesses can leverage real-time data to optimize their operations. The digital market analysis of silver prices allows companies to make informed decisions, ensuring they remain competitive in a rapidly evolving market. The Metals-API stands at the forefront of this transformation, providing developers with the tools necessary to build next-generation applications that harness the power of real-time metals data.

API Description

The Metals-API is designed to provide developers with comprehensive access to metals pricing data. It empowers users to retrieve real-time and historical data for various metals, including silver, gold, platinum, and palladium. The API's capabilities extend beyond simple price retrieval; it offers a suite of features that enable developers to create sophisticated applications tailored to their specific needs.

One of the standout features of the Metals-API is its ability to deliver real-time exchange rate data, updated frequently based on the user's subscription plan. This ensures that businesses can react promptly to market fluctuations, optimizing their trading strategies and inventory management. The API's historical data capabilities allow users to analyze trends over time, providing valuable insights into market behavior.

Key Features and Endpoints

The Metals-API offers a variety of endpoints, each designed to fulfill 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 for metals, updated every 60 minutes or even more frequently. This feature is crucial for traders who need to stay informed about current market conditions.
  • Historical Rates Endpoint: Users can access historical rates for most metals dating back to 2019. By appending a specific date to the API request, developers can retrieve past pricing data, allowing for in-depth analysis of market trends.
  • Bid And Ask Endpoint: This powerful feature enables users to retrieve real-time bid and ask prices for metals, 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 is particularly useful for businesses operating in multiple currencies.
  • Time-Series Endpoint: This endpoint allows users to query the API for daily historical rates between two chosen dates, facilitating trend analysis over specific periods.
  • Fluctuation Endpoint: Users can track how metal prices fluctuate on a day-to-day basis, providing insights into market volatility and price stability.
  • Carat Endpoint: This feature allows users to retrieve information about gold rates by carat, catering to jewelers and manufacturers who require precise measurements.
  • Lowest/Highest Price Endpoint: Users can query the API to get the lowest and highest prices for a specified date, aiding in market analysis and decision-making.
  • Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides open, high, low, and close prices for a specific date, essential for traders analyzing price movements.
  • Historical LME Endpoint: Access 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 must be included in requests to authenticate access to the API.
  • API Response: The API delivers exchange rates relative to USD by default, with all data returned in a structured JSON format.
  • Available Endpoints: The Metals-API offers a wide range of endpoints, each providing different functionalities tailored to various use cases.
  • Supported Symbols Endpoint: This endpoint returns all available metal symbols, ensuring users can easily find the data they need.
  • Gold Price India Endpoint: Retrieve the latest gold price in India using this dedicated endpoint, catering to regional market needs.
  • News Endpoint: Stay updated with the latest news articles related to various metals, providing context to market movements.

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. This resource is invaluable for developers looking to integrate specific metal data into their applications.

API Endpoint Examples and Responses

Latest Rates Endpoint

Get real-time exchange rates for all available metals.

{
    "success": true,
    "timestamp": 1744257685,
    "base": "USD",
    "date": "2025-04-10",
    "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": 1744171285,
    "base": "USD",
    "date": "2025-04-09",
    "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": "2025-04-03",
    "end_date": "2025-04-10",
    "base": "USD",
    "rates": {
        "2025-04-03": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-04-05": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-04-10": {
            "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": 1744257685,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Fluctuation Endpoint

Track rate fluctuations between two dates.

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-04-03",
    "end_date": "2025-04-10",
    "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": 1744257685,
    "base": "USD",
    "date": "2025-04-10",
    "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": 1744257685,
    "base": "USD",
    "date": "2025-04-10",
    "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 and powerful solution for developers seeking to access historical prices for silver (XAG) and other metals. With its extensive range of endpoints, including the latest rates, historical rates, and fluctuation tracking, the API empowers businesses to make informed decisions based on real-time data. The integration of this API into applications can significantly enhance operational efficiency, market analysis, and strategic planning.

For developers looking to implement the Metals-API, the Metals-API Documentation offers detailed guidance on how to utilize each endpoint effectively. Additionally, the Metals-API Supported Symbols page provides a comprehensive list of available symbols, ensuring that users can easily find the data they need.

As the demand for accurate and timely metals data continues to grow, leveraging the capabilities of the Metals-API will be essential for businesses aiming to stay competitive in the evolving market landscape. By harnessing the power of real-time data, developers can create innovative applications that drive efficiency and profitability in the precious metals sector.

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