Walter:
I have color sanded (wet sanded) many cars following painting and I may have more questions than answers to your post. If you can get through this, perhaps we can figure it out with the help of the group.
Question #1: Is there a clear-coat applied over the silver?
Silver is probably the hardest color to paint, detail, and touchup because it has no pigment to speak of, the “color” is made up of the metallic flakes. Usually, the silver is applied dry, to mitigate metallic sag, and the clear-coat is applied over that. If you have a clear coat, as has already been said, don’t go to deeply with the sanding. I usually use 1500 VERY lightly, followed by 5000, and then polishing compound on a low speed buffer. My current polish of choice is “Perfect It” by 3M.
If you do not have a clear coat, my sincere recommendation would be to color sand the car gently, discontinuing the use of soap as a lubricant, and have one applied. Actually no soap is ever really needed, the constant flushing action of a dribbling hose at your work area and cleanliness of water in the bucket are the key here. Also, don’t polish the car if you are going to have a clear-coat applied later. The paint surface must be pristine.
Question #2: Are you seeing a color shift, or, could it be that the difference in paint depth and light refraction make the surface look different?
If it is the latter, this is normal enough and when the entire panel(s) is done it will match the spot that you have already polished. If it is the former I suspect, as did another poster, that you have sanded through the clear and are now heading into the paint. If this is the case, and your test spot is inconspicuous, be less aggressive with the rest of the car and perhaps go to only 5000 grit, unless your orange-peel is severe. Truly, some orange peel is not only acceptable but also original. Most show cars have eliminated it entirely, since that is how to get the most brilliant shine, but if you are merely trying to clean up a few dirt specs in your paint and fix a run or two, then completely removing the orange peel texture is not really called for here. The deeper you sand the more material you are removing.
It sounds as though you are being extremely careful, and for that, I applaud you. Let us know how it is coming. My guess is that you are only seeing a shift in the light and that it will all match well when you are done.
Don’t forget to tape those edges!
All the best,
Ed Fisher