An arrow rest including a magnetic ring mounted with respect to an archery bow. The magnetic ring includes an inner surface that defines an arrow shaft passage and an outer surface. The magnetic ring produces a first magnetic field about the arrow shaft passage. The magnetic ring forms an opening between the inner surface and the outer surface, and a shaft of an archery arrow is passable through the opening to position the arrow shaft within the arrow shaft passage. The archery arrow is movable between a loading position and a drawn position. In the drawn position, the first magnetic field interacts with a second magnetic field produced by a second magnet mounted at a tip portion of the archery arrow to suspend a portion of the arrow shaft within the arrow shaft passage.