Elton -- I can't answer you about the nulls for sure, but Bryce insists silver will ring through the nulls as long as the silver is not completely masked by the iron. As far as depth...think of it this way...in my experience, in my soil, coins at the fringes of the SE Pro depth range still have a good, high conductivity number most times, but the ferrous number starts to get inaccurate. I have hit some deeper coins (a 6 1/2" memorial penny just today for instance), where the conductivity number was the normal 28-29, but the ferrous number was bouncing around -- as high as the teens to near 20. SO, if you had your iron mask set at, say, 10, you would not have heard this coin except for an occasional chirp. However, with iron mask at 18 (or at 22 like Bryce prefers), you would have heard the coin on most if not all of your sweeps. SO -- bottom line, by running iron mask higher, you can perhaps "gain depth" kinda, sorta -- if that makes sense. Running IM 22, I was able to hear this 6 1/2" coin -- and if I was running, say, IM 12, I would not have heard it on near as many of my sweeps. And if I thus guessed it to be junk and did not dig, then I would have "lost depth." Make sense? I have found in my test garden that the upper limit of FE numbers on a deep coin seems to be in the low 20s -- hence, I presume, the reason Bryce suggests 22 IM.
Hope that helps.
Steve