The American duo of Elana Meyers and Lauryn Williams saved their worst run for last, as the two failed to hold onto the top spot in the women's two-person bobsled competition Wednesday in Sochi.
Instead, Canada's Kaillie Humphries and Heather Moyse will be taking home the gold by 0.10 seconds.
"Winning gold is amazing, but walking away satisfied is better. After the third run I knew that if we did the business we could be on top," Humphries told Reuters. "When you have to rely on someone else or wait and see, it makes it hard."
The American duo needed a strong final run, but had their worst run of the four, finishing in 58.13 seconds and missing out on gold.
USA II (Jamie Greubel and Aja Evans) took bronze, giving the Americans two medals in a bobsled event for the first time in history. Lolo Jones and Jazmine Fenlator finished 11th.
"Anytime you are that close and you can taste it and you don't come out with the result, it hurts a little bit," Meyers told Reuters. "At the end of day Kaillie beat me and I have to deal with that. We gave everything we had, we left it all out there. Hopefully America will forgive me, but I fought."
Had America I pulled out the victory, Williams would have become the first woman and only the second athlete ever to win a gold medal in the Olympic Winter and Summer Games.
She won gold in the 4x100 relay in London 2012, as well as silver at the '04 Games in the 100 meters.
American Eddie Eagan is the only gold medalist in the Summer and Winter Olympics, winning gold in boxing in 1920 and four-man bobsled in 1932.
"I didn't come here to make history, I came here to help Team USA. It wasn't about history for me," Williams said.