Whatever the reason, do you need to get involved in metal trading? Well, it would be very risky for you to do so, without having this API for metal prices as support. Its objective is simple, to give you the prices of metals (any) in a simple and fast way.
Metals are those chemical elements that have particular characteristics, such as great thermal and electrical conductivity, high density, a solid state at room temperature (except mercury), a bright color, great malleability, and some salts that have ions electropositive in solution and good ductility, mechanical strength and toughness. Chemically, it can be said that metals are those elements that in their electronic structure (their metallic bond) have an overlap between the conduction band and the valence band. For this reason, they are good conductors and can reflect light, which makes them shine like gold. Metals can be classified into alkali metals, alkaline earth metals, and transition metals, including lanthanides, actinides, and transactinides. At present, it is expected that the next elements to be discovered will be metallic.
Some transition metals are appreciated by humans due to their characteristics, low abundance and difficulty in obtaining them. These are then used for jewelry, either in their pure state or in alloys. These metals are gold, silver, platinum and palladium. These are usually alloyed with osmium, ruthenium, iridium, copper, zinc, nickel, cobalt, aluminum, titanium, cadmium, mercury, lead, and tin. But in general, all metals are traded on world metal markets. As with company shares, these prices can go up or down, just like gold or silver.
At other times, tragedies or events may occur that seriously affect the price of metals. Gold is a clear example, as this year was very volatile. Be that as it may, the conclusion will always be the same, you will need to use Metals-API!
Trading in the metals market may seem simple but it is not. You must be prepared for a market that is often treacherous and can change metal prices suddenly. You can’t avoid this, but you can prevent it. First, you must be updated with the world news and second, you will constantly check Metals-API. This platform will provide you with the prices of different metals quickly and easily. And if you’re wondering, Metals-API is very fast. For example, if you wanted to update the price of rhodium or platinum, you would only have to wait 60 seconds to update them again. Yes, you read right, just 1 minute.
But getting prices with a 60-second update is only available depending on the plan you choose. For now, there are only 8 plans available and 6 of them offer this feature. It is important to note that these prices are annual, not monthly. Paying once, you can forget about it for the rest of the year. Regarding the prices, these start from 0 USD (no hidden costs) up to the palladium plan, which costs 4799 USD.
There are many more features to highlight from Metals-API, but we trust that in this post you will find enough information. In any case, [email protected] is the Metals-API email. Just write an email with your questions and they will respond quickly!
Also published on Medium.