If you need a free API with silver values from reliable sources, here we make a recommendation with Kitco data.
Silver is a flexible and malleable metallic chemical substance. Despite its scarcity in the continental mantle, it is an excellent conductor of heat and electricity. In any event, silver has a variety of uses, including medical wart treatments, deodorants, batteries, motors, glass, 3D printing, the car industry, photography, solar panels, coinage, and, of course, investing. About 70% of the world’s silver production is used for industrial uses, with the other 30% used for monetary purposes.
If you want to invest in this metal you have to be updated about silver prices, which are very dynamic. For this reason, you can’t trust every source that is available on the internet. Kitco is one of the most trustworthy metals exchange data, but it’s not easy to find.
But First, What Is Kitco?
Kitco is the world’s largest precious metals expert and bullion merchant, as well as the leading voice in materials information, delivering best-in-class news, statistics, and insights.
Millions of individuals from all around the globe visit it regularly. It was the first metals firm to offer actual market information, news, commentary, and online precious metals services to investors. Kitco’s media business is a global expert in precious metals, commodities, and mining, producing and delivering cutting-edge news, market insights, and data to a global audience. To get this data you should use an API.
About APIs
An API is a means of data transmission that enables two devices or apps to connect. You will need to search for and use technology to help you. Some instruments may be beneficial, but please remember that they are not all available or provide the same information.
It is simple to locate an API, but it is harder to find one that provides silver rates in Kitco units. Metals-API, one of the largest global metals databases, collects this data. You may also use the API to link it to your website or app, and the plugins on the page to collect current and historical rates.
More About Metals-API
To commence, it is an API developed to track metal prices (including silver) with a 2 decimal point precision and a frequency as high as every 60 seconds. Every minute, the Metals-API receives currency exchange information from over 15 reliable datasets. Among the sources include banks and financial data providers such as COMEX, NYMEX, Kitco, and the London Metal Exchange.
Second, its system instantly converts the values of precious metals to 170 various currencies from around the globe (you could see the prices in your local currency). However, given the prominence of digital currencies in recent years, Metals-API also supports digital currencies and all currencies around the world.