Silver Charm was foaled in Florida on February 22, 1994 out of the mare Bonnie's Poker and sired by Silver Buck, who was a son of Buckpasser. He was a gray colt with a blaze and was bred by Mary Lou Wootton. As a two-year-old Silver Charm was purchased by trainer Bob Baffert for $85,000, and then resold to Beverly and Robert Lewis, who kept him in training with Baffert. Silver Charm's first win was as a two-year-old, in the Del Mar Futurity. Silver Charm entered the 1997 Kentucky Derby with Gary Stevens as his jockey. Silver Charm drew the sixth post position out of a field of 13, and broke well at the starting gate. He came out between other horses going into the backstretch and took the lead with less than a furlong to go. He won the Derby, finishing a head in front of Captain Bodgit. It was Baffert's second time entering the Kentucky Derby or any American classic race; his horse Cavonnier had come in second the year before. Silver Charm won the Preakness Stakes in the same manner, pulling ahead of Captain Bodgit and Free House just before the wire. Silver Charm lost the third jewel of the Triple Crown by placing second in the Belmont Stakes to Touch Gold; he lost by three quarters of a length. He was the winner of the 1997 Eclipse Award for Outstanding Three-Year-Old Male Horse. He closed out his sophomore season with a runner-up finish in the Malibu Stakes.
Following the end of his race career, Silver Charm was retired to Three Chimneys Farm in Kentucky for an initial stud fee of $25,000. He stood stud in North America for five seasons, siring five crops of foals. In 2004 he was purchased by the Japanese Breeders Association, and was sent to stud in Japan. He stood at the Shizunai Stallion Station in December 2004. In 2008, he stood at the Shichinohe Stallion Station and in 2009, at the Iburi Stallion Station. Silver Charm's North American progeny features 15 stakes winners, most notably multiple graded stakes winners Preachinatthebar and Miss Isella. Silver Charm was not particularly successful in Japan, of 149 foals of racing age, he has been represented by one stakes-placed runner. Overall, however, Silver Charm's progeny have made $2 million and won more than 1,000 races.
Silver Charm went to Japan to the Shizunai Stallion Station in 2004, with a so-called "buy-back clause" included in his sales contract. Since the slaughterhouse death of Kentucky Derby winner Ferdinand, the New York Owners and Breeder's Association has begun asking for a small voluntary per-race charge called the "Ferdinand Fee." These monies are intended for the Bluegrass Charities and the Thoroughbred Charities of America to help fund racehorse rescue and retirement groups and keep horses from slaughter when their breeding or racing careers are over. This has led racehorse owners to include buy-back clauses within their stallion contracts. On October 29, 2014, it was announced jointly by Three Chimneys Farm and Old Friends Farm that Silver Charm would return from Japan and be retired permanently at Old Friends Equine, a horse retirement facility, in Georgetown, Kentucky. Beverly Lewis and her son Steve paid to bring Silver Charm back to Kentucky, where he remains at Old Friends and can be visited by the public.
