We have calculated the intermolecular interaction potentials of the silane dimer at the D-3d conformation using the Hartree-Fock (HF) self-consistent theory, the correlation-corrected second-order Moller-Plesset (MP2) perturbation theory, and the density functional theory (DFT) with 108 functionals chosen from the combinations of 9 exchange and 12 correlation functionals. Single-point coupled cluster [CCSD(T)] calculations have also been carried out to calibrate the correlation effect. The HF calculations yield unbound potentials largely because of the exchange-repulsion interaction. In the MP2 calculations, the basis set effects on the repulsion exponent, the equilibrium bond length, the binding energy, and the asymptotic behavior of the calculated intermolecular potentials have been thoroughly studied. We have employed basis sets from the Slater type orbitals fitted with Gaussian functions (STO-nG, n = 3 similar to 6), Pople's rnedium size basis sets [up to 6-311 ++G(3df,3pd)], to Dunning's correlation consistent, basis sets (cc-pVXZ and aug-cc-pVXZ, X = D, T, Q). With increasing basis size, the repulsion exponent and the equilibrium bond length converge at the 6-31G** basis set and the 6-311 ++G(3d,3p) basis set, respectively, while a large basis set (aug-cc-pVTZ) is required to converge the binding energy at a chemical accuracy (similar to 0.05 kcal/mol). Up to the largest basis set used, the asymptotic dispersion coefficient has not converged to the expected C-6 value from molecular polarizability calculations. We attribute the slow convergence partly to the inefficacy of using the MP2 calculations with Gaussian type functions to model the asymptotic behavior. Both the basis set superposition error (BSSE) corrected and uncorrected results are presented to emphasize the importance of including such corrections. Only the BSSE corrected results systematically converge to the expected potential curve with increasing basis size. The DFT calculations generate a wide range of interaction patterns, from purely unbound to strongly bound, underestimating or overestimating the binding energy. The binding energies calculated using the OPTXHCTH147, PBEVP86, PBEP86, PW91TPSS, PW91PBE, and PW91PW91 functionals and the equilibrium bond lengths calculated using the MPWHCTH93, TPSSHCTH, PBEVP86, PBEP86, PW91TPSS, PW91PBE, and PW91PW91 functionals are close to the MP2 results using the 6-311++G(3df,3pd) basis set. A correlation between the calculated DFT potentials and the exchange and correlation enhancement factors at the low-density region has been elucidated. The asymptotic behaviors of the DFT potentials are also analyzed.