What Types of Alerts Do You Need for Your Silver Price API?

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With our silver price API, you can set custom alerts based on current market prices. It’s a convenient way to keep track of the daily market without having to monitor the API when the precious metals exchanges are open. Since the global markets are in various time zones, your precious metals trading hours are open more than they are closed. Global markets never sleep.

Read more about the types of alerts you need for your silver price API to maximize your investment opportunities.

1. Rise or Decline Amount or Percentage

The most relevant search is when a particular price is reached. Depending on the volume of your trades, you can get alerts based on the actual amount of the price change or a percentage.

High-volume trades are more pertinent for the actual physical price change. Even a fluctuation of 25 cents per ounce can alter your silver strategy quickly. Silver is often two to three times more volatile than gold, so it’s a risk-reward strategy here. But if you play it right, you can take advantage of fluctuations in the market.

2. Price Targets Reached

Some investments you hold on to for the long term. Your alerts in a silver price API can show you when a specific price target is reached. For example, you can base it on an investment strategy or historical prices.

If, say, you’ve studied the numbers and know that when silver reaches a certain high or low price, it’s time to sell or buy because the market will continue to move further up or down in the same direction in the coming weeks based on historical data. On the other hand, you can calculate an ROI based on specific prices based on the volume you’ve purchased.

3. Futures Prices

A silver price API needs to take into account futures. After-hours transactions can give you an idea of what the commodities markets are going to do once they open. That way, you’re ready to buy or sell based on your knowledge and expertise of the markets.

Integrate With an Exceptional Silver Price API

Our API is designed to be user-friendly and easily integrated into your existing systems. It also gives you customized alerts based on your parameters in the precious metals exchanges.

Contact us or request a quote today to get started.