Answered by Shaykh Faraz Rabbani
I have a question regarding the wearing of silver items other than a ring for Muslim men. What is the ruling on men wearing silver chains and bracelets? Also, does this affect the validity of one’s salat, etc.?
The only jewellery permitted for men in the Hanafi school is a silver ring. [al-Bada’i`, al-Hindiyya, al-Durr]
Rings of any other metal are not permitted for both men and women (though the latter are allowed gold and silvery jewelry by scholarly consensus, contrary to Albani’s strange position).
Similarly, all other jewelry is impermissible for men, as it is considered imitating women.
As for the prayer, it would not affect the prayer itself, but it would be sinful to pray wearing anything impermissible.