It may seem a daft question, but what detector will you be searching with?
A Vision, DFX, XLT, Spectrum.....then set your ACCEPT VDI's as low as ZERO.
Minelab EXPs and Etrac, Iron mask out Fe35 to Fe 27 and leave the CON open down to 1.
USE Fe audio mode, with 4 Tones.
AUTO SENS with an average of 16, will give you a range of about 8 inches. (Assuming a recent loss, then it won't be at any depth, but maybe in undergrowth)
Set your audio also to a LONG mode.
All this advice is theoretically OK, but just what kind of reading a randomly orientated chain will produce is any ones guess.
Practicing with any similar item is better than all the written advice.
The most important comment offered, is to search in a disciplined and overlapping manner. Don't walk at a normal forward pace, but rather 6 inch-forward, and concentrate on a thorough, covering scanning method..
I'm sure lots of readers will have an alternative way of explaining matters, but in the end it will be your prowess or diligence in detecting that will be the telling factor.
No one can give precise numbers for such an item, but you can be reasonably sure that they will be between 1 and 30 on a scale of 1 to a 100.
When you detect a charm bracelet for instance, it is the charms which are most detectable.
A chain is more difficult because each circular link is an individual target item, and due to random orientation of one to the others in the chain, then there is some degree of 'cancellation' of the total theoretical reaction. Compare a chain to the same mass of material but formed into a single uniform circular bracelet, i.e. the 'perfect' shape for maximum response.
So it is the 'arrangement' of the metal that is the factor that mostly dictates the 'poor' signal.
Hope you succeed in the task.............TheMarshall.