We first sailed Silver Cloud in 1994, six months after she was commissioned. This was our first time back, and, regrettably, will likely be the last.
Silversea continues to have an excellent product in many ways- the ship sizes and layouts are terrific, the service is generally very good. However, over time the quality has declined, and the amenities pale compared to the competition.
Comparing apples to apples- in 1994, 'all inclusive' meant air, an included night's 5 star hotel, insurance, a "Silversea Experience", shoreside transport in every port. There was also real Sevruga (not lumpfish) caviar on request anytime, and on the menu on formal nights. None of those perks exist today, yet the per diem is around $800 ppdo, as opposed to $450 then. Yes- prices go up, but the luxury inclusions should not drop out.