silver colour, no sound, completely still but could move backwards, forwards and sideways watched 5 mins or more then just disappeared

On a beautiful clear blue sky day whilst in the garden - 4 of us noticed a completely still large silver, cigar shaped object with a red light at one end not too far above us. The type of "metal" shone brightly from the sunshine. It could move sideways as well as backwards and forwards with no sound. We saw it for at least 5 mins before it just disappeared. We were fascinated, not frightened. I thought we should report it to someone, but my Husband an ex R.A.F Pilot said it was best not to. I later found out that whilst in service, pilots could be airbound to investigate strange sightings. This was around 55 yrs ago, but the experience has never left me, and I am now 80 yrs old and would at last like to report what I saw on that day. It was definitely something wonderful to remember and which as long as I live, will NEVER forget.