Step 1: Understanding the Concept
The cell is Cu | Cu\(^{2+}\) (1 M) || Ag\(^+\) (1 M) | Ag. Copper is the anode (oxidation) and silver is the cathode (reduction).
Step 2: Key Formula or Approach
Both concentrations are 1 M, so the cell is at standard conditions:
\[ E_{cell} = E^{\circ}_{Ag} - E^{\circ}_{Cu} \]
Step 3: Detailed Explanation
\[ 0.463 = E^{\circ}_{Ag} - 0.337 \]
\[ E^{\circ}_{Ag} = 0.463 + 0.337 = 0.800\ \text{V} \]
A negative value cannot come out, because the cell emf is positive and silver is above copper in the series.
Final Answer:
The standard potential of the silver electrode is 0.8 V, option (C).
\[ \boxed{0.8\ \text{V (C)}} \]