Silva opened the scoring on the stroke of half-time, before Mbaye Diagne equalised with a header.
Despite a disappointing result, Wolves fans were delighted with their young striker.
Plenty Of Promise
Silva showed plenty of promise against West Brom, and rounded his performance off with a goal, albeit a slightly lucky one.
After some great link up play between Vitinha and Nelson Semedo down the right hand side, Semedo laid off Silva, who opened up to shoot.
Just before the young striker pulled the trigger, Kyle Bartley got a toe and intercepted the pass, however the tackle bounced off of Silva's standing foot, and looped over the goalkeeper.
There was plenty of pressure on the Portuguese's shoulders, replacing Willian Jose in attack.
Silva has been playing understudy to the Brazilian, since his arrival in January, rarely getting a run of games as the starting striker.
Today, he certainly took his chance, and it was another glimpse of what is to come.
The 18-year-old was a focal point in Wolves' attack, ending the game with the most shots inside the box.
You can tell that game by game Silva is improving, and slowly we are beginning to see why Nuno Espirito Santo made him Wolves' record signing.
In Good Company
Silva's goal was his fourth of the season. The goal means he overtakes Ricardo Vaz Te, and becomes the second highest scoring Portuguese teenager in the Premier League.
The highest? Ronaldo.
Before today's fixture, both Ricardo Vaz Te and Silva were on three goals, five goals behind Ronaldo who scored eight.
At only 18 years of age, we could see Fabio Silva overtake that record in the next two seasons.
He is on track to do so too. With potentially two more seasons in the Premier League as a teenager, Silva would just need to score two goals a season to match it.
Already he is in good company, however if he keeps up the performances of late, then there is no reason why he can't surpass Ronaldo's tally as early as next season.
After a relatively slow start to life in gold and black, Silva is now beginning to win over the fans.
Wolves fans knew he was one for the future, and as patient as they've been with him, there was always slight frustration that he wasn't scoring.
Many fans are now seeing the heights he can reach, and are beginning to understand why Wolves paid as much as they did to secure his services.
Silva's goal today, was his second goal against the Baggies.
Two of his four goals in a Wolves shirt, have come in a Black Country Derby.
Even the fans who still aren't convinced will be loving his goalscoring record against their biggest rivals.