It is narrated from Hazrat Abu Musa (may Allah be pleased with him) or Abu Qatadah (may Allah be pleased with him) that the Noble Prophet (peace and blessings be upon him) said: Whoever likes to wear a ring of fire on his beloved body, let him wear a ring of gold; whoever likes to place a bracelet of fire on his beloved body, let him wear a bracelet of gold. However, silver is permitted, so make use of it for adornment.
Hadith Referenceمسند احمد / تتمہ مُسْنَدِ الْكُوفِيِّينَ / 19718
Hadith Gradingحکم دارالسلام:إسناده ضعيف لاضطراب أسيد فيه، وقد انفرد به، فمثله لا يحتمل تفرده، وعبدالرحمن بن عبدالله ضعيف وقد أخطأ من جعل حديث أبى موسي شاهدا لحديث أبى هريرة