Nitric acid will disolve silver.
The combination of Nitric and Hydrochloric in the correct ratio (3:1 and I don't remember which is which) will dissolve gold.
Both precious metals can be found on firearms as inlays and accents.
But the bluing formula made from the acids and iron filings shouldn't have any free acid in it when you're done making it.
It may have an acidic Ph, but you should have Iron Nitrate and Iron Chloride
I think the Iron Chloride (Ferric Chloride) content is what is etching the silver parts. Shouldn't be any free nitric in it.
Ferric chloride is used as an etchant for copper (curcuit boards primarily). Silver (sterling ) is 7% copper content,,coin silver 10%. That's what I think the Ferric Chloride is eating away and etching,,the copper content of the silver alloy. Probably would eat away at the copper in brass too.
Any Nitric Acid would disolve the silver completely leaving Silver Nitrate behind while nitrogen gas bubbles away.
FWIW,,that particular slow rust blue solution works very nicely.
Let the reaction complete itself when mixing it up. Keep adding iron/steel bits till the acids won't take and disolve anymore. Then add some more and let it set for a couple days. It may still disolve those.
If so add some more till you get undisolved steel on the bottom.
Pour off the liquid through a simple coffee filter into another jar of convenient size.
The reaction while it makes itself will be smoky w/chlorine gas speuing from it,, and hot,,so wait till all is calmed down. ,,and stand clear of the stuff.
Waiting doesn't hurt anything.
You can cut the soln w/ distilled water if you want. 50/50 doesn't seem to hurt. Try a few different things w/ small portions so you don't make the entire batch into one new ratio.
It's mearly a rusting soln for steel. Temp and humidity effect the results like all of them.
When everythings working right, it gives a beautiful blue color. It can be aggressive though with high humidity so keep a watch on the parts.
Keep it out of the bore, but I never plug them while rust bluing.
I sometimes coat them with common shellac. Always when damascus finishing due to the etching necessary.
Several trips through the bore with a shellac wet patch so it gets a heavy coating. It surprisingly holds up to the boiling water trips thru the tank.
I recoat after 5 or 6 cylcle just to make me feel better, but I don't really know if I have to,,I don't want to find out the hard way though.
Wipe any exess off the breech and muzzle ends with an acetone soaked patch.
Remove the coating when done w/ laq-thinner on patches. Even then it takes a bit of work to get the stuff out,,but no damamge to the steel under neath.
* Heed Scota4570's advice and stay way clear of any chemical compounds w/mercury in them.
Yes they work well in the rust blue biz,,but you will not in later life. I know all too well.