The given conditions indicate that only the inscription on the lead box is true. So the ring is in the silver box.
We had some varying answers for this riddle, but @dam_catching_potter (unlike me when I first tried to solve it) was the first to get it right!
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A Riddle a Day -- 78 Logical and Mathematical Puzzles
RandomSome riddles and brainteasers to give you a little something to think about each day!