Your 'branch' that is growing from the ground is a sucker and should be cut off. Silver maples are notorious for producing suckers like this. If you cut this off, it will provide more energy for your tree instead of wasting it on the sucker. You may then see better results for your tree. Hope this helps.

The "sucker" is growing rapidly. The only branches on the tree itself are at the bottom, and they seem to be growing ok. The rest of the tree isnt doing anything. Should I plan on removing this tree in the fall? Im wondering if I should start tree shopping now, for a fall planting. I understand that planting a tree this time of year could cause shock, and I could end up with a tree like I have now. Thx again for the assistance.

The new "branch" is the new leader sprouting from the same root collar, this is not a sucker like an Aspen, Sumac or altissima tree will utilize.

Sounds like the tree is damaged or deseased somewhere above where it has leaves. The new leader is a sign that the tree is essentially trying to start over. The old branches may die back more. You may not want to wait a few years to find out though.

Might want to have an arborist take a look at the tree for desease or pests.