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It's possible. I also have a few pieces of Minitrix sectional track that appear to be real steel - complete with rust.As for nickel-silver, I don't know. Looking online, some sources say that only iron is magnetic, while others list nickel and cobalt as well. Since both groups are quite definite about their "facts", it's hard to tell. The old Canadian quarters had enough nickel to be magnetic, but I don;t know what else was in them.
Iron, nickel, and cobalt are the only three magnetic elements. Nickel Silver is a variation of brass, where nickel is added to the copper/zinc alloy of brass. The standard alloys are 60% Cu, 20% Zn, 20% Ni according to Wikipedia, although I have seen other sources say 18%Ni. If the nickel content were increased it would make it magnetic, but I can't easily find a source for when that occurs.I will add that different percentages will affect the color to some extent.