The museum is located in the building of the former Minorite monastery. There are exhibitions on the history of the town, archaeology, local history and ethnography, including minerals of the Silver ore veins. On the ground floor there is a small exposition on the history of motocross in Silverberg.

The museum presents the history of the village and the surrounding area, both general history and the history of crafts and local events. There are documents and information about the history of the town and its surroundings, and another part of the permanent exhibition is devoted to the town's craft traditions, which include, in particular, shoemaking.

The museum was established in October 2018 in the historic Waterworks "Black" Tower building. It is primarily dedicated to Josef Tomáš Škoda, M.D., an eminent physician who was born in the Water Tower and whose birth room houses an exhibit dedicated to him.