Published Thursday, 02 August 2012
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Along with teammates Rob Williams and Chris Bartley they battled their way to second place in the men's lightweight four on Day 6 of the 2012 Games at Eton Dorney Rowing Centre with a time of 6:03.09.
It made them the first brothers from NI to win Olympic medals as they lifted the region's first prizes at the 2012 Games.
Peter Chambers, the younger of the two, spoke of their pride in representing their hometown.
"We have so much support from Coleraine and Northern Ireland and we're so thankful for that, it really helped us here today," he said.
"We're representing Coleraine and Northern Ireland when we go out to race and we're really proud to be from Bann Rowing Club and the whole town."
Denmark set the pace from the beginning of the race on Thursday with Great Britain holding onto third place from the halfway mark.
Team GB moved up the ranks to second place as they approached the finish line - but South Africa surprised everyone by snatching victory in the end, leaving Denmark with bronze.
"We were aware that three crews to our left hand side had gone out very hard and we fought to the finishing line," Richard Chambers explained.
"When we crossed we didn't know if we had won anything or if we were fourth place - that's just how tight it was."
The brothers were aiming to become Northern Ireland's first gold medal winners since 1988, when Stephen Martin and Jimmy Kirkwood won gold as part of the GB men's field hockey team in Seoul.
Their mum Gillian said she was delighted with the result and so proud of her sons.
That was a ridiculously tough race - it was amazing. I am so proud.
"I hope they are not disappointed," she said.
"At that level, that achievement is just too fantastic to consider it a disappointment - it was an unbelievably tough race.
"If they are disappointed, I will be disappointed with them. I think they will be very proud of what they have done."
Charlie Cunningham, vice-captain of the Queen's Rowing Club, says the brothers would have been disappointed at not clinching a gold medal after coming so close in the final moments of the race.
"They've done us all proud - a truly inspirational performance from the guys."
Rory O' Connor, also from Queen's Rowing Club, said the Chambers had worked "very,very hard" after getting off to a slower start than the other teams.
"It was very disappointing for them to lose by such a small margin in the end."
The silver medal is added to the haul collected by Team GB's rowers.
On Wednesday, Helen Glover and Heather Stanning won gold in the women's pair final - while the men's eight took bronze.