Silver Falls sits on the Castra Rivulet in Nietta, Tasmania, and serves as the first waterfall encountered on the Castra Circuit — a walking route that also takes in Castra Falls, Step Falls, and Secret Place.

The falls are reached via a short 300-metre return track, rated Grade 3 (moderate), with the upper tier visible within about five minutes of leaving the car park.

The lower tier is considered the highlight, where the waterfall drops into an amphitheatre-like setting surrounded by lush ferns. The track is well maintained by volunteers and clearly signposted with ribbons and markers.

Note that there is some naming confusion in the area: Placenames Tasmania officially designates this waterfall as Silver Falls, though it is sometimes labelled Castra Falls on signs and in online sources.