This is the 4215th most frequent Swedish word.
silver
Silver: A shiny, gray-white precious metal.
Here, 'silver' (Silvret) is used as a noun that denotes the metallic element, referring to an item made of silver.
Silvret glimmade i solskenet.
The silver gleamed in the sunlight.
In this sentence, 'silver' (silverring) is an adjective describing the material of the ring, meaning the ring is made of silver.
Hon bar en silverring på fingret.
She wore a silver ring on her finger.
Here, 'silver' (silver) is used as a noun that refers to the silver medal awarded in sports competitions for the second place.