Do you want to obtain silver rates in euro? Then, you need to employ this API.
Silver is one of the most commonly produced and traded precious metals on the planet. With 178 million ounces of silver produced in 2020, Mexico led the way, followed by Peru and China.
This industry is well-known for moving at a rapid pace and touching a big number of people all over the world. As a result, keeping track of their daily rates is critical.
To summarize, silver has a wide range of characteristics and uses. It’s a component of the economy’s most vital industries, as well as our everyday lives. The silver market is extremely volatile, with prices fluctuating daily due to a variety of factors. As a result, to determine the optimal time to invest, it is vital to be updated about the market prices. And it can be difficult to update Euro values. But it’s not impossible. So, you should use an API.
What is an API?
In simpler terms, an API is an interface that provides you with information on practically anything you need almost instantly. This occurs because an API allows two computers or apps to communicate with one another.
When you send an API call, such as for metals pricing in euro, the interface will respond with the expected result. This strategy is used by the majority of international websites because it is quite useful and saves time.
However, keep in mind that not all APIs are created equal while selecting one to use for this reason. Nonetheless, there is one fantastic tool that may be useful to you: Metals-API.
Why Metals-API?
Metals-API is a piece of software that provides accurate and up-to-date information in any currency about any precious metal (such as silver). The data on the free plan is updated every hour and is accurate to two decimal places. You will also receive 50 API calls per month in this circumstance. You’ll get more API calls and data per minute if you sign up for an annual account.
Metals-API also receives data from approximately 15 reputable data sources every minute. Among them are financial data suppliers and banks. As a result, you’ll receive extremely accurate pricing. Metals-API gives current market value for gold, silver, aluminum, platinum, and palladium, among other precious metals. The data from the website can be used in a variety of locations, including spreadsheets, other websites, and mobile apps.
How does it work?
1- Your API key can be obtained at www.metals-API.com.
2-Look for the symbol and currency sign you want to use in the website’s list.
3- After you’ve added metal and money to the list of symbols, make the API call.
4- You have the option of using JSON or PHP as a programming language.
Also published on Medium.