Using this API to Get Coimbatore Silver (COIM-XAG) Historical Prices Made Simple
Using this API to Get Coimbatore Silver (COIM-XAG) Historical Prices Made Simple
In today's fast-paced financial landscape, having access to real-time and historical data is crucial for making informed decisions. This is particularly true in the metals market, where fluctuations can significantly impact investments and manufacturing processes. The Metals-API provides a powerful solution for developers looking to integrate silver price data, specifically for Coimbatore Silver (COIM-XAG), into their applications. This blog post will delve into the capabilities of the Metals-API, focusing on how to retrieve historical prices and other relevant data for silver.
About Silver (XAG)
Silver, represented by the symbol XAG, is not only a precious metal but also a vital industrial commodity. Its applications range from electronics to solar panels, making it a key player in various technological innovations. The demand for silver is driven by its unique properties, including high conductivity and reflectivity, which are essential in modern manufacturing processes.
In recent years, the integration of smart manufacturing technologies has further increased the demand for silver. As industries adopt automation and IoT solutions, the need for reliable data on silver prices becomes paramount. This is where the Metals-API shines, offering developers the tools necessary to access and analyze silver price data effectively.
API Description
The Metals-API is designed to provide developers with real-time and historical data on various metals, including silver. With its robust architecture, the API allows for seamless integration into applications, enabling users to access critical data points that can drive decision-making processes.
One of the standout features of the Metals-API is its ability to deliver real-time exchange rates, historical data, and various analytical tools. This empowers developers to create next-generation applications that can respond to market changes instantly. Whether you are building a trading platform, a financial analysis tool, or an e-commerce site that deals with precious metals, the Metals-API provides the necessary data infrastructure.
Key Features and Endpoints
The Metals-API offers a variety of endpoints that cater to different needs. Here are some of the key features:
- Latest Rates Endpoint: Depending on your subscription plan, this endpoint provides real-time exchange rate data for silver and other metals, updated every 60 minutes or more frequently. This is crucial 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 your query, you can retrieve past prices, which is essential for trend analysis and forecasting.
- Bid and Ask Endpoint: This feature allows you 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, enabling users to convert amounts from one metal to another or to/from USD. This is particularly useful for traders dealing in multiple currencies.
- Time-Series Endpoint: Query the API for daily historical rates between two dates of your choice. This is ideal for analyzing price movements over specific periods.
- Fluctuation Endpoint: Track how silver prices fluctuate on a day-to-day basis, providing insights into market volatility.
- Open/High/Low/Close (OHLC) Price Endpoint: Retrieve open, high, low, and close prices for silver over a specified time period, which is critical for technical analysis.
- Lowest/Highest Price Endpoint: Get the lowest and highest prices for silver on a given date, helping traders identify market extremes.
- Historical LME Endpoint: Access historical rates for LME symbols, dating back to 2008, which is beneficial for those analyzing long-term trends.
- API Key: Each user is assigned a unique API key, which is essential for authentication and access to the API's features.
- API Response: The API delivers exchange rates relative to USD, with all data returned in a structured JSON format, making it easy to parse and integrate into applications.
- Supported Symbols Endpoint: This endpoint provides a constantly updated list of all available metal symbols, ensuring that developers have access to the latest information.
- News Endpoint: Retrieve the latest news articles related to various metals, keeping users informed about market developments.
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.
API Endpoint Examples and Responses
Understanding the API's response structure is crucial for effective integration. Below are examples of various endpoints and their JSON responses:
Latest Rates Endpoint
{
"success": true,
"timestamp": 1765083713,
"base": "USD",
"date": "2025-12-07",
"rates": {
"XAU": 0.000482,
"XAG": 0.03815,
"XPT": 0.000912,
"XPD": 0.000744
},
"unit": "per troy ounce"
}
This response indicates the current exchange rates for silver (XAG) and other metals, with the base currency being USD. The "rates" object contains the price per troy ounce.
Historical Rates Endpoint
{
"success": true,
"timestamp": 1764997313,
"base": "USD",
"date": "2025-12-06",
"rates": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915,
"XPD": 0.000748
},
"unit": "per troy ounce"
}
This example shows how to access historical rates for a specific date. The response includes the same structure as the latest rates, allowing for easy integration into applications.
Time-Series Endpoint
{
"success": true,
"timeseries": true,
"start_date": "2025-11-30",
"end_date": "2025-12-07",
"base": "USD",
"rates": {
"2025-11-30": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915
},
"2025-12-02": {
"XAU": 0.000483,
"XAG": 0.0382,
"XPT": 0.000913
},
"2025-12-07": {
"XAU": 0.000482,
"XAG": 0.03815,
"XPT": 0.000912
}
},
"unit": "per troy ounce"
}
The time-series endpoint allows developers to analyze price trends over a specified period. The response includes daily rates, making it easy to visualize price movements.
Convert Endpoint
{
"success": true,
"query": {
"from": "USD",
"to": "XAU",
"amount": 1000
},
"info": {
"timestamp": 1765083713,
"rate": 0.000482
},
"result": 0.482,
"unit": "troy ounces"
}
This example demonstrates how to convert an amount from one metal to another. In this case, it converts 1000 USD to troy ounces of gold (XAU).
Fluctuation Endpoint
{
"success": true,
"fluctuation": true,
"start_date": "2025-11-30",
"end_date": "2025-12-07",
"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"
}
The fluctuation endpoint provides insights into how silver prices change over time, allowing traders to gauge market volatility.
OHLC (Open/High/Low/Close) Endpoint
{
"success": true,
"timestamp": 1765083713,
"base": "USD",
"date": "2025-12-07",
"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 critical data for technical analysis, including the opening, highest, lowest, and closing prices for silver over a specified period.
Bid/Ask Endpoint
{
"success": true,
"timestamp": 1765083713,
"base": "USD",
"date": "2025-12-07",
"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"
}
The bid/ask endpoint is essential for traders, providing real-time pricing information that can influence trading strategies.
Conclusion
In conclusion, the Metals-API is an invaluable resource for developers looking to access real-time and historical data on silver prices, particularly for Coimbatore Silver (COIM-XAG). With its comprehensive suite of endpoints, the API empowers users to build sophisticated applications that can analyze market trends, convert currencies, and track price fluctuations effectively.
By leveraging the capabilities of the Metals-API, developers can create tools that not only provide current pricing information but also offer insights into historical trends and market dynamics. Whether you are developing a trading platform, a financial analysis tool, or an e-commerce site, the Metals-API equips you with the necessary data to make informed decisions.
For more information on how to get started, visit the Metals-API Documentation and explore the Metals-API Supported Symbols page for a complete list of available metal symbols. Start integrating today and unlock the potential of real-time metals data!