In Silverlight there is a TextBlock control that is used to display simple text. However in many cases you need to display hyperlinks in the text. This article focuses on how to build such control and provides full source code for it.
LinkLabel source code
In this article I take for granted that you have basic understandings how to build a custom control in Silverlight. I described the main flow in a previous post so go read it if you need to fill some gaps.