<script src= "https://player.twitch.tv/js/embed/v1.js"></script>
<div id="<player div ID>"></div>
<script type="text/javascript">
var options = {
width: <width>,
height: <height>,
channel: "<channel ID>",
video: "<video ID>",
collection: "<collection ID>",
};
var player = new Twitch.Player("<player div ID>", options);
player.setVolume(0.5);
</script>
But swap setVolume(0.5) for pause()