Silver City had its start in the year 1879 by the building of the Wabash, St. Louis and Pacific Railway through that territory.

Silver City Volunteer Fire & Rescue services the town and immediate area.

Mills County Sheriffs Department provides emergency response and patrol services.

[4] Silver Creek, the town's namesake and a tributary of the West Nishnabotna River, parallels the eastern city limits.

The Wabash Trace Nature Trail, a former rail line, enters the town from the west and runs southeasterly through town, making a southerly turn before meeting Silver Creek.

According to the United States Census Bureau, the city has a total area of 0.22 square miles (0.57 km2), all land.

The racial makeup of the city was 95.9% White, 0.8% Native American, and 3.3% from two or more races.

21.2% of all households were made up of individuals, and 8.6% had someone living alone who was 65 years of age or older.

22.7% of all households were made up of individuals, and 13.6% had someone living alone who was 65 years of age or older.

About 3.6% of families and 5.2% of the population were below the poverty line, including none of those under the age of eighteen and 20.5% of those 65 or over.