Yes, rhymes with silk - - but if you come from another state/country and accent is different - could sound like Melk......
Just for fun/my own curiosity
just for conversation and I am clueless - why is the "L" pronounced in Milk and not in Salmon? Who decides/decided

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Coming from another country many years ago - it was a bit tough to learn not to read the word exactly the way it is spelled/letters are pronounced.
PH - sounds like an F (phone)
Kn - sounds like n (knee)
Pneumonia (can't even spell it) - no P sound
CH - sound of Chair or can be Qu/Ki - like Chianti
etc etc.
In Italian, the alphabet is/was read one way, no long/short vowel - so easy to remember and spell