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Yes, that is possible.
5 lug 4 3/4 5 lug 4 3/4
You wil have to replace the 4-lug Hub with a compatible 5-lug hub - you should take the 4-lug hub with you to any auto-mechanics shop and ask them if they can find the dimensions of that Hub; and possibly find a 5-lug hub that matches. Keep in mind; You will need new Brake Rotors (5-lug versions) if you transfer to a 5-lug hub. You might need to check the drive axle as well; they might have a different groove pattern not compatible with a different 5-lug hub. But don't quote that.
6 lug wheels are 6 on 5 1/2. 5 lug are 5 on 4 3/4
5 lug are 5 on 4 3/4" and 6 lug are 6 on 5 1/2"
5 on 4 3/4
4 1/2 bp on 5 lug
5-lug, 4 1/2 " bolt spacing.
get an axle that has a 5 lug pattern, usu. found on 1/2 ton trucks (ex: a 1500 model)
5 on 4 3/4".
if it is the 4 lug its a 4x114.3..... if it has been converted to 5 lug= 5x114.3
Considering the Silverado has a 6 lug rim and the S10 has a 5 lug rim, it would be an expensive project to convert the 5 lug S10 into the 6 lug pattern of the Silverado.