Nesmith recorded the song with The First National Band. It reached number 42 on the Top 100 and number 7 on the Adult Contemporary charts in the US, number 13 in Canada, number 11 in Australia and number 7 in the Netherlands. The track includes a pedal steel guitar solo played by O.J. "Red" Rhodes.
Background
Although Nesmith released several singles following "Silver Moon", "Silver Moon" was his last song to reach a notable status on the charts. On the B-side of "Silver Moon", the track "Lady of the Valley" appears. The now highly collectable quadraphonic 8-track tape release of Loose Salute (1970) features an extended version of "Silver Moon". It is a full-length rendition of the song with a cold ending.