Are you looking to get LBXAG prices for free? Try out this silver price API for free!
Read & Learn About Metals
Silver is a chemical element with atomic number 47 located in group 11 of the periodic table of elements. Its symbol is Ag. For thousands of years, silver ore has been considered a precious metal, just like gold and platinum. This is due to its low abundance in nature and because it has a lot of physical and chemical properties that give it excellent economic value and a lot of industrial applications.
It is a noble, transition metal, bright white, soft, ductile and malleable. In addition, it has the highest electrical and thermal conductivity of existing metals, but its great economic value prevents it from being used for electrical applications.
We usually associate silver with activities of an economic and financial nature, since it is part of the production of coins and jewelry of great value. All this is due to its unparalleled beauty, its color that is barely surpassed by gold. It is an element that symbolizes wealth and opulence. However, 70% of all the production of this metal goes to industrial purposes such as alloys with nickel, cobalt, copper, photography, and medicine, among other uses.
Use an API: Metals-API
An API can provide current metal values as well as historical rates based on NYMEX data. Besides, an API can also give statistics on price fluctuations so that you can consider all of the elements when deciding when the ideal time to buy is. For this purpose, you need to use an API (Application Programming Interface). In this article, we suggest you to try out: Metals- API.
Metals-API is capable of providing real-time precious metals rate data, thanks to its 10+ exchange rate data sources. There are several endpoints in the API, each of which has a different function. Get the most recent exchange rate data for any or a particular group of currencies, translate sums from one currency to another, retrieve Time-Series data for one or more currencies, and ask the API for regular fluctuation data are all endpoint functionalitie
Metals-API started as a basic, lightweight Open-Source API enabling banks to get current and historical precious metals prices. This silver price api can provide real-time precious metals data with a 2 decimal point precision and a frequency of up to 60 seconds through API. Among the features accessible are time-series data, volatility statistics, and the day’s lowest and highest prices, as well as precious metals exchange rates and currency conversion. The API provides precise precious metal exchange rate data in over 170 currencies.
Some of Its Main Characteristics:
- Periodicity in real time, history, and tick-by-tick API
- Real-time metal prices metal of the platinum group and base metals API
- Spot and future prices of gold, silver, palladium, lead, and platinum throughout history
- Real-time precious metals prices Gold, silver, palladium, lead, and platinum are the four precious metals API
- Intraday and historical charts API