Per the bold print (salt peter) - NO - salt peter is potassium nitrate - when smelting any kind of material that has silver in it (such as ore containing silver, silver plated copper/brass, silver slimes from silver cell etc. etc.) you never want to use potassium nitrate (or any other nitrate) as part of your flux ingredients
The reason for that is that nitrates used as a flux ingredients basically become nitric acid at the high temps of smelting - so when the flux becomes molten - any metals in the smelt - that will dissolve in nitric acid - will then also be dissolved by the nitrate in the flux causing (at least some of) those metals to then go off in the slag
So - using potassium nitrate - as a flux ingredient - is a good option if you are smelting gold with copper in it as the nitrates will dissolve the copper & thereby allow the copper to go off in the slag
You just don't want to use potassium nitrate (or any other nitrate) - as a flux ingredient - if what you are smelting has metals in it that will dissolve in nitric acid - metals such as silver or palladium - as those metals will dissolve in the smelt & go off in your slag - instead of collecting with your dore (alloy) that you are wanting to settle in the bottom of your cone mold when you make your smelt pour
Kurt