ΔE 17.4, loose: different enough that you should pick on purpose. Sterling Silver is noticeably lighter, more saturated than Magnesium.
Not as a straight swap; see the closer alternatives below. Loose match (ΔE 17). Sterling Silver is noticeably lighter, more saturated than Magnesium.
The same difference applies the other way round: Magnesium is noticeably darker, 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 Magnesium on the colour wheel See Sterling Silver on the colour wheel
All matches: Magnesium equivalents · Sterling Silver equivalents