A suspension includes inner magnets coupled to an inner cylindrical member and outer magnets coupled to an outer cylindrical member that circumscribes the inner cylindrical member. The inner magnets are stacked on top of one another in an axial direction and include a first set having a first polarity alternately arrayed with a second set having a second polarity. The outer magnets are stacked on top of one another in the axial direction and include a first set having the first polarity alternately arrayed with a second set having the second polarity. Each inner magnet in the first set is radially aligned with an outer magnet in the second set and each inner magnet in the second set is radially aligned with an outer magnet in the first set to provide an attractive electromagnetic field between the magnets that passively absorbs axial displacement between the inner and outer cylindrical members.