The Silver Marches
Silverymoon is the prime signatory state of the Confederation of the Silver Marches and therefore, viewed by many as the capital. It was ruled for centuries by High Lady Alustriel Silverhand, a powerful wizard and one of the Seven Sisters, some of the most powerful individuals on Faerûn and also Chosen of Mystra, the goddess of magic. In 1369 DR, Alustriel stepped down, paving the way for her trusted adviser Taern “Thunderspell” Hornblade to ascend to the city’s supreme office. She is now[as of when?] the leader of the entire confederation.8
Silverymoon was often dubbed “the Gem of the North”, for it resembled and emulated the (formerly) lost elven city of Myth Drannor in many respects. It was one of the few civilized places in the middle of the rough and untamed wilderness that was the North of Faerûn. It had a rich cultural life and was renowned as a meeting place for all races that were morally inclined towards good.
Silverymoon is also famous for its pervading tradition of magic, and was home to many notable wizards, sorcerers and other mages. One of its permanent structures, the Moonbridge, was created by magic.