Just use fill="none" and then only the stroke (outline) will be drawn.
<svg xmlns="http://www.w3.org/2000/svg" version="1.1">
<circle cx="100" cy="50" r="40" stroke="black" stroke-width="2" fill="none" />
</svg> Or this if you want two colours:
<svg xmlns="http://www.w3.org/2000/svg" version="1.1">
<circle cx="100" cy="50" r="40" stroke="black" stroke-width="3" fill="none" />
<circle cx="100" cy="50" r="39" stroke="red" stroke-width="2" fill="none" />
</svg>