On May 28, 2003, a trademark for the name "Silver Bullet" was filed by Cedar Fair, then the owners of Knott's Berry Farm.

[2] As part of an $85 million investment in all Cedar Fair parks, Silver Bullet was announced to the public on December 1, 2003.

[8][9][10] Silver Bullet was also one of four attractions that opened at Knott's Berry Farm in the same year and carries a western theme.

[13] Silver Bullet's layout passes through three of the park's themed areas: Ghost Town, Fiesta Village, and Indian Trails.

The train then makes a right turn into a second, shorter, brake run which leads straight back to the station.

Silver Bullet, along with all of Bolliger & Mabillard's other roller coasters, was manufactured by Clermont Steel Fabricators of Batavia, Ohio, and erected by Coan Construction Company.

[18] Joel Taylor from Amusement Business praised the ride saying, "In all, it's an exhilarating 2 1/2 minutes from start to finish."

"[20] Since Silver Bullet's debut in 2004, it has consistently been ranked in the top 140 positions in Mitch Hawker's Best Roller Steel Coaster Poll.