Would you like to be updated with the latest silver prices? If this is the case, then continue reading this article.
Silver is a chemical element belonging to the group of transition metals. It is characterized by its bright white or grayish hue. The symbol for silver is Ag (Periodic table), which in turn comes from the Latin argentun, meaning “bright”. It is a metal with high electrical and thermal conductivity, so it could be useful in electrical applications. However, its high price prevents it from being viable.
Silver can have multiple applications such as: Manufacturing integrated circuits for computers, silver iodide (used as an antiseptic and in the photographic industry), creation of jewelry or utilitarian objects, mixtures for medicinal purposes (silver nitrate), coin o medal making. All this information shows how valuable this mineral is for various industries around the world.
If you are a person who owns an industry or wants to invest in this mineral, staying up-to-date with the latest prices is essential. For example, the evolution of the silver price in the last 5 years was +45.04% and only in 2022 (3 months), its value increased by 8.61%. Being a metal that involves millions of people around the world, we cannot not be up to date with the latest prices in US dollars. An API is the most efficient way to get that data in this case.
What is an API?
It’s an abbreviation for Application Programming Interfaces. It is a set of definitions and protocols used to develop and integrate application software, allowing communication between two software applications.
In this case, we recommend you to use Metals-API, because it is one of the most famous and prestigious APIs in this market, receiving updates every minute from numerous sources such as The London Metal Exchange (LME).
Why Metals-API?
The Metals-API comes with guaranteed availability, scalable volumes and responds within milliseconds. And also, it includes a documentation packed with simple instructions and code examples enable quick implementation at any level. Its information sourced from financial data providers and banks, including the European Central Bank. The API is available in JSON and PHP and may be utilized for a variety of programming tasks.
How does it work?
1- Your API key should be obtained at www.metals-API.com.
2- Look for the silver symbol and currency sign you want to use in the website’s list (USD in this case).
3- Add metal and money to the list with these symbols, then perform the API call.
4- Remember that you can use JSON, Python, or PHP.
Also published on Medium.