"The rumor at the time was that the “silver girl” was a reference to needles, meaning drugs - yes, this is pretty far-fetched, even for Sixties lyrical interpretation)."
But I don't know. I wasn't there.
Posts: 6256 | Location: British Columbia, Canada | Registered: 06-11-02
"The last verse, it was about Peggy [Simon's girlfriend, later to become his wife], whom I was living with at the time: 'Sail on, silver girl ... / Your time has come to shine' was half a joke, because she was upset one day when she had found two or three gray hairs on her head."
From a Playboy interview. What a cute story. Thanks for asking the question that made me look !