This is a new one for me. I had never seen anything like it until I spotted it in the hedge between my property in town and the neighbors’ property. Clearly, the fruit is not silver. Apparently the name comes from the fact that the underside of the leaves is a silver color. The fruit is edible and is often used to make jelly and jam.
Unexpected in common hours 
By chance is the silverberry a cousin of the pawpaw? The leaves are similar and the berry looks something like a scaled-down pawpaw.
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I don’t know. Pawpaws are trees, and this silverberry is a shrub. But you’re right, the berry does look like a scaled-down pawpaw.
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