Aim a light at a white wall and color it red. It reflects red. Aim a light at a piece of aluminum foil and gel it red, it reflects red. Silver reflects more sharper light than a white surface. White will disperse it more than silver.
So the answer to your question is yes. Both silver and white reflect what you put into them. Silver may be slightly cooler, but not enough to be concerned about.
[quote author=Jim Brennan link=board=lighting;num=1106897626;start=0#3 date=01/28/05 at 10:45:43]IT will also bounce back more of the light than white, no?[/quote]
Almost all of the time, just because most silver surfaces are more spectoral (bounce a harder light). But if you had a really glossy white surface, they could be comperable.
As for silver being slightly cooler, I guess I should have said that white surfaces tend to be warmer than silver, to keep Walter calm, but it's just because they are sometimes faded or dirty, and bounce a warmer light than silver does. but again, not enough to worry about.
I think maybe people see how a gold reflector warms light and they assume a silver reflector must cool light conversely. It's just a psychological trick, the light isn't cooler unless you're looking at a really BLUE toned silver.
Shooter, my own impression was that silver did act much the same as white. I wanted corroboration, and it wasn't addressed in any of my books or online.