Elton has lamented the "destructive" nature of artists following the deaths of Chester Bennington and Chris Cornell.
The Linkin Park frontman committed suicide on July 20, just two months after the Soundgarden singer hanged himself.
''Sometimes, as Jim Carrey said when Philip Seymour Hoffman committed suicide, 'the noise just gets too much.'
''It is so awful for someone to be so depressed that they commit suicide, especially when they have families. I just wanted to pay tribute to them, as there by the grace of God go all of us.
''Just remember them fondly and the music they left. It is totally different music to the one I create but still wonderful music that has entertained millions, including me.''
Chester was godfather to Chris’s son.
Linkin Park records flooded the UK charts last week following Bennington's death.
Their debut album Hybrid Theory was their highest-placing album at number four. It includes hit song In the End, which was the highest-charting Linkin Park entry on this week's singles chart at number 14.
They have now become the first US band in 50 years to secure three albums in the top 10.