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The 2000 Chevy 1500 truck uses DEXRON-V automatic transmission fluid and can hold a total of 11 US quarts, with a refill capacity of 5 quarts. It is recommended to service and flush the automatic transmission fluid and filter every 60,000 miles to ensure the transmission performs at its best. If you regularly push the car hard, consider servicing it at 45,000 miles. This maintenance is crucial to prevent gear slippage and other significant transmission issues. Inadequate transmission fluid does not properly lubricate the gears, leading to metal grinding and the presence of metal parts and debris in the fluid, which can create additional problems.
The owner's manual for the 2000 Chevy Silverado clearly states on page 7-26 that DEXRON III Automatic Transmission Fluid is recommended. I'm not sure where you saw DEXRON V mentioned.
Valvoline dex/merc ATF is the recommended fluid for the 2000 Chevy Silverado 1500 truck.