Silver Bay is a city in Lake County, Minnesota, United States. The population was 1,857 at the time of the 2020 census. It is the largest population center in a natural tourism area which includes, Tettegouche State Park and the Split Rock Lighthouse. It is a port along Lake Superior for iron ore and has taconite mining facilities of its own.

Lake County is a county in the U.S. state of Minnesota. As of the 2020 census, the population was 10,905. Its county seat is Two Harbors.