Static resources are declared in Silverlight with the only idea to be reused from multiple places in your code. For example, when you declare a style as a static resource on application level, then this style can be referenced and applied to any control in that application. The syntax when you reference a declared static resource is as follows: {StaticResource resourceName} - where resourceName should be replaced with the name of the declared resource. See the example below:
Xaml
<Button Style="{StaticResource simpleStyle}" x:Name="pushMeButton" Cursor="Hand"></Button>
As you can see the Button's Style property is set to be equal to {StaticResource simpleStyle}.