To be certain:
1. Look underneath the truck: The differential is the large housing located towards the rear of the vehicle, between the rear wheels. It's usually a fairly prominent component.
2. Look for a square or hex-shaped plug: The drain plug is usually a relatively small bolt or plug, typically square or hex-shaped, located on the bottom of this housing.
3. Consult a repair manual: A repair manual specific to your 1998 Silverado's year, make, model, and axle configuration will provide a diagram showing the exact location. This is the most reliable method.
Caution: Before attempting to drain the differential fluid, ensure the truck is parked on a level surface and the vehicle is securely supported (e.g., jack stands). The differential fluid will be hot if the truck has been recently driven. Use appropriate safety precautions.