The Theory of Alfven drag (Drell et al. in J Geophys Res 70: 3131–3145 1965; Anselmo and Farinella in Icarus, 58, 182–185 1983) is applied here to show that the existence of a possible solar ring structure at a radial distance of 0.02 AU (~4R⊙, R⊙ = radius of the sun) predicted by earlier authors (Brecher et al. in Nature 282, 50–52 1979; Rawal in Bull. Astr. Soc. India 6, 92–95 1978, Moon Planets 24, 407–414 1981, Moon Planets 31, 175–182 1984, J Astrophys Astr 10, 257–259 1989) may not survive Alfven drag produced during even moderate solar magnetic storms which take place from time to time through the age of the sun, but a possible solar ring structure at a radial distance of 0.13 AU (~27R⊙) (Brecher et al. in Nature 282, 50–52 1979; Rawal in Bull. Astr. Soc. India 6, 92–95 1978, Moon Planets 24, 407–414 1981, Moon Planets 31, 175–182 1984, J Astrophys Astr 10, 257–259 1989) may survive intense Alfven drag produced during even strong magnetic storms of magnetic field value up to 1,000 G.