Silver, despite being the second most sought-after metal in history, is one of the most solid and useful metals on the market. This can fulfill two functions, as a wing, like gold, or for different types of tools, which doubles its value.
Despite the fact that both Russia and the United States are the nations that mine the most silver, Australia has emerged as one of the most profitable countries in what the metals market means. Even becoming a place of reference in all kinds of buying and selling precious metals, even with Bitcoin.
In 2020 alone, Australia surpassed Russia and India in silver mining. Since it produced 43 million ounces, while the others only had 42 and 39 million respectively. But it’s a changing game and there’s no telling what will happen when this or next year is over.
The best way to stay on top of all the information at once is to use a Metals API. Especially ones like Metals-API that presents the possibility of having the changes of the metals and their rates by the hour.
The other possibility that Metals-API gives is access to live precious metals market data with a resolution of 2 decimal points and a refresh rate of 60 seconds.
- Access institutional quality real-time precious metal prices via an easy-to-use API by using a trusted Gold price and Silver price API used by hundreds of firms in the industry.
- Easily incorporate real-time Gold and other metal prices into your applications, such as spreadsheets, websites, mobile apps, and other corporate applications.
- Reduce the time to market for apps that require precious metal prices dramatically.
- By utilizing cloud APIs, you can eliminate the pains and complexities associated with legacy feeds.
- Real-time, historical, and tick-by-tick periodicity API
- Precious metals prices in real-time Gold, silver, palladium, and platinum API
- Metals prices in real-time Base metals and platinum group metals API
- Historical and intraday charts AP
- Gold, silver, palladium, and platinum spot and future prices throughout history.
Metals-API collects market data prices from a variety of trading sources and institutions around the world, with different forms and frequencies. Commercial sources, particularly for major currencies and metals, are given a larger weighting because they more precisely reflect market exchange.
They use a system with a unique “validation and fallback” approach that assigns different priorities to each data source and validates each metal/forex rate as it enters their databases to achieve the highest level of data coverage and correctness. If one source for this currency pair fails to provide a reliable quote, the next highest provider is contacted. This allows us to eliminate inconsistencies and deliver precise spot exchange rates to six decimal places for the great majority of currencies.
Also published on Medium.