ΔE 25.8, loose: different enough that you should pick on purpose. Pearl Light Red is a little darker, much more saturated than Polished Silver. They are different kinds of paint: Army Painter Polished Silver is a metallic and Tamiya Pearl Light Red is a pearl paint, so they won’t behave the same on the model even where the colour is close.
Not as a straight swap; see the closer alternatives below. Loose match (ΔE 26). Pearl Light Red is a little darker, much more saturated than Polished Silver. They are different kinds of paint.
The same difference applies the other way round: Polished Silver is a little lighter, much more muted.
ΔE is the colour difference between our two swatch estimates: under about 6 is close, over about 15 is loose. Real paints also differ in finish, coverage and how they thin, so test before you commit.
See Polished Silver on the colour wheel See Pearl Light Red on the colour wheel
All matches: Polished Silver equivalents · Pearl Light Red equivalents