Reading fluency is important for academic learning. A sample of 145 initial primary students was followed up for one year and children’ silent reading fluency was examined for three times. Children were also tested by IQ, word decoding, oral vocabulary, oral reading fluency at the first wave. Latent growth modeling was used to examine children’s initial levels and growth in silent reading fluency and the predictions of initial levels and growth from word decoding, oral vocabulary, oral reading fluency. Results indicated that:(1) silent reading fluency increased linearly during grade one to grade two, and the initial levels and growth were found to be significantly variable, but both were not correlated significantly.(2) Word decoding contributed significantly to the initial levels of silent reading fluency. However, the growth of silent reading fluency was predicted significantly by oral vocabulary and oral reading fluency.