The best way to make money is to diversify investments and get to know the satellite markets of the larger producing countries. In the case of Argentina, its market is linked to Brazil. So knowing their rate changes in different precious metals could be ahead of the changes in Brazil and therefore the rest of the world.
Silver is the second most sought-after precious metal in the world. Ignoring gold is necessary to diversify your assets, that’s why you need to have hourly changes in silver rates. Not all Metals APIs have different metals and all rates available from the Americas and the world.
The only free & paid API that does it is Metals-API. It is not only the most used in countries such as India and Russia, of the largest producers of precious metals but also in parts of America.
Initially, you have 50 free API calls. After that, you have to pay and the difference in plans is worth it because it is the change between changes of an hour and a minute.
The premium rates of Metals-API allow you to have updates every 60 seconds. In the world of precious metals investments every thousandth of a second account to have the highest possible return on your investment.
By giving all the results in JSON language, this API applies both to people who know how to write code and those who only see data directly. In this way, the results are also given in a safe and more direct way, without making unnecessary turns or waiting for the interface to load.
In order to guarantee the highest possible level of data coverage and accuracy, the system relies on a very distinct “validation and fallback” algorithm, relegating different priorities to each data source and validating each metal/forex rate as it enters our databases. In the event that a source fails to deliver an accurate quote, the next highest provider is queried for this particular currency pair. This enables us to sort out possible inaccuracies and provide the vast majority of all spot exchange rates with a precision of six decimal places.
Metals-API’s spot prices are sourced from a very wide base of trade sources and banks around the world, each of them varying types and frequencies. The bigger weighting especially for major currencies and metals is towards commercial sources as they more accurately reflect the exchange occurring within the markets.
Metals-API.com is used by thousands of developers, SMBs, and large corporations every day. Rock-solid data sources and 6+ years of experience make Metals-API the #1 resource for real-time precious metals rates. You can sign up here.
Also published on Medium.