Do you want to invest in silver? Would you like to know when to invest? Fortunately, thanks to this service you will be able to obtain LBMA rates quickly and accurately. It’s the best precious metals API.
Silver is a chemical element with atomic number 47 located in group 11 of the periodic table of elements. Its symbol is Ag. It is a noble, transition metal, bright white, soft, ductile and malleable. In addition, it has the highest electrical and thermal conductivity of existing metals, but its great economic value prevents it from being used for electrical applications. For thousands of years, silver ore has been considered a precious metal, just like gold and platinum. This is due to its low abundance in nature and because it has a lot of physical and chemical properties that give it excellent economic value and a lot of industrial applications.
We usually associate silver with activities of an economic and financial nature, since it is widely used for the production of coins and jewelry of great value. All this is due to its unparalleled beauty, its color that is barely surpassed by gold. It is an element that symbolizes wealth and opulence. However, 70% of all the production of this metal is used for industrial purposes such as alloys with nickel, cobalt, copper, photography, medicine, among other uses.
Be that as it may, its use as an investment is undeniable. If we had invested 100 dollars 50 years ago, today we would have 1300% more. Unfortunately, in the last 2 years its price has continued to decline, seriously worrying those investors. To find out its price, one option is to use the London Bullion Market Association (LBMA), widely used for trading gold and silver. However, there is a service that will make this task much easier. Its name is Metals-API and we will explain it to you below:
Use Metals-API!
Today Metals-API is used by a large number of customers including thousands of developers, small businesses and large corporations. In fact, there are currently more than 200,000 customers who have expressed their satisfaction with this service. Some of its clients are Barrick Gold, Mansour, Injective Protocol, among other companies. On the other hand, the information on the silver metal is obtained in real time, with a precision of 2 decimal places and a frequency of up to every 60 seconds. Capabilities include delivery of precious metal exchange rates, return of time series data, fluctuation data, and the lowest and highest price of any day. And of course, the Metals-API information is obtained from multiple quality sources, one of them is the London Bullion Market Association (LBMA).
With these features, you will be able to analyze the silver market and draw your own conclusions about when is the best time to invest in this precious metal.
If you have any questions, remember that on its website you will find a manual on how this system works. But if there is something you don’t understand, you can contact customer service via virtual chat. Always online from 9 a.m. to 6 p.m. (GMT+1).
Also published on Medium.