Silver Lake is in a very convenient location. The southern most neighborhood in Everett, it borders the east side of I-5. Businesses (including Costco and Winco) line the west side of the neighborhood while many suburban style neighborhoods are on the east side of the neighborhood.
100th Place South East
132nd Street South East
Besides filling up on samples at Costco, there's a large park right on the lake called Thornton A. Sullivan Park. The park has frisbee golf, a playground, ping pong, and more. There's also some great bakeries including Piroshky and Crepes and the L'Artisan French Bakery. If you enjoy more hands on fun, head over to the Ceramic Place and paint some pottery!
Lots of nice suburban style neighborhoods with traditional newer construction (mostly 1970's and newer). Some custom built estate properties with views of the Cascades.