It is narrated from Hazrat Abu Hurairah (may Allah be pleased with him) that the Noble Prophet (peace and blessings be upon him) said: Whoever wishes to make his friend wear a collar of the fire of Hell, let him make him wear a necklace of gold; and whoever wishes to make him wear bracelets of fire, let him make him wear bracelets of gold; and whoever wishes to make him wear a ring of fire, let him make him wear a ring of gold. However, use silver and take delight in it (he said this sentence twice).
Hadith Referenceمسند احمد / مسند المكثرين من الصحابة / 8416