Sails of Silver is the eleventh studio album by British folk rock band Steeleye Span.

At the request of Chrysalis Records Peter Knight and Bob Johnson both returned, replacing their own replacements Martin Carthy and John Kirkpatrick, who departed after the release of Live at Last.

Despite being produced by Elton John's producer Gus Dudgeon, Sails of Silver was a commercial failure, and this proved a final straw for Tim Hart, who departed the band, leaving Maddy Prior as the band's sole remaining founding member.

Although the band now sported the same line-up that had brought it to the height of its success, Sails of Silver has often been seen as embodying a different spirit from their classic albums of the 1970s.

Maddy Prior has said that, although she likes the album and finds it accessible, the band was in her words "lost" and not particularly confident of the material it had put together.