Ferrari's Charles Leclerc, starting on pole, finished second after defending hard against Verstappen with the two 21-year-olds banging wheels as the Dutchman forced his way past. Verstappen took the flag under investigation.
IMAGES from the Silverstone F1 GP on Sunday
The pole was the 91st of Lewis Hamilton's career and seventh at Silverstone.
The Ferrari driver's best time of one minute 16.231 seconds was close to the 2018 Spanish Grand Prix pole time by Lewis Hamilton for Mercedes.
Hamilton said he only realised the significance of what he had done when he came into the pitlane after taking the chequered flag.
Formula One world champion Lewis Hamilton won the Canadian Grand Prix on Sunday in a Mercedes one-two with title rival Nico Rosberg.
Four-times world champion Sebastian Vettel won the Australian Grand Prix for Ferrari on Sunday to dash Mercedes' hopes of extending their dominance into a fourth successive season of Formula One.
Hamilton wrapped up his record-equalling seventh title in Turkey last month and picked up his 11th win of the season in Bahrain on Sunday. Mercedes have already won the constructors' title for an unprecedented seventh year in a row.
Formula One world champion Lewis Hamilton took his 10th pole in 11 races on Saturday with Mercedes team mate Nico Rosberg qualifying second on the Belgian Grand Prix grid.
Lewis Hamilton lapped fastest overall for Mercedes in Hungarian Grand Prix practice
This is the German's 50th career win
Nico Rosberg secured pole position for the Russian Grand Prix after Mercedes team mate Lewis Hamilton suffered more misfortune in Saturday's qualifying.
While 40-year-old racers were relatively common in the sport's early days, they are a rarity in modern Formula One with an increasing emphasis on youth.
The Finn, advised by retired double world champion and compatriot Mika Hakkinen, spent last season learning the ropes as the team's reserve for Williams and now he is six weeks away from his race debut in Australia.
Germany's Nico Rosberg romped to his fifth win in a row for Mercedes on Sunday and ended Formula One champion team mate Lewis Hamilton's hopes of a third successive Bahrain Grand Prix victory.
Hamilton already had more race wins, pole positions and podium finishes than any other driver in the history of the sport.
Nico Rosberg won his home German Grand Prix for Mercedes on Sunday to stretch his overall lead in the Formula One championship to 14 points.
Charles Leclerc seized pole position for the Belgian Formula One Grand Prix on Saturday ahead of team mate Sebastian Vettel who completed a front row lockout for Ferrari.
Dutch driver Max Verstappen has extended his contract with Red Bull until the end of 2023, the Formula One team announced in a statement on Tuesday. The Dutchman, who in 2016 became the youngest ever race winner in the sport's history, had been linked to both Ferrari and Mercedes in paddock speculation.
Lewis Hamilton pulverised the track record to claim pole position on Saturday ahead of a US Grand Prix that could secure the Mercedes driver's fourth Formula One world championship.
Formula 1 expert and former racer Karun Chandhok sees four-time world champion Sebastian Vettel taking either a sabbatical next year or walk into retirement after finding himself without a drive for the 2021 season. The 2020 season is yet to start due to the COVID-19 pandemic but Vettel leaving Ferrari at the end of year has given the sport's followers plenty to talk about.
Hamilton's flying lap of one minute 22.188 seconds set a new record at Albert Park but was only 0.268 seconds in front of German Vettel, offering the tantalising prospect of a competitive championship after three years of domination by the Silver Arrows.
Everyone likes to see an animal doing silly things. This week the winners of the Comedy Wildlife Photography Awards were announced, and they don't disappoint.
The Mercedes driver, who fought back from last to second after being sent spinning at the third corner by Ferrari's Finn, had spoken immediately after the race of the Italian team's 'interesting tactics'.
Venezuelan Pastor Maldonado will race for Williams again next season with Finland's Valtteri Bottas handed the role of reserve, the Formula One team said on Thursday.
Formula One championship leader Nico Rosberg chalked up his seventh win in a row at the Russian Grand Prix on Sunday with team mate Lewis Hamilton fighting back from 10th on the grid to seal a Mercedes one-two finish.
Red Bull's Max Verstappen won a wet and crazily chaotic German Grand Prix littered with crashes and safety car periods on Sunday with Mercedes' Formula One leader Lewis Hamilton failing to score.
Finland's Valtteri Bottas and Brazilian Felipe Massa will stay at Williams in 2015 after the resurgent Formula One team announced on Sunday what had to be one of their easiest decisions of the season.
Valtteri Bottas has denied signing a pre-contract with Ferrari, saying he was amused by some of the speculation about his Formula One future.
Lewis Hamilton emphasised his loyalty to Mercedes while leaving open the possibility that he might one day be tempted to race for Formula One glamour team Ferrari.
Lewis Hamilton won his home British Grand Prix for the fourth year in a row on Sunday while Ferrari's Sebastian Vettel suffered a penultimate lap puncture that slashed his championship lead to a single point.
Formula One world champion Lewis Hamilton took pole for Mercedes at the season-opening Australian Grand Prix.
Finland's Valtteri Bottas and Brazilian Felipe Massa will be racing for Williams again next season, the Formula One team said on Thursday in an announcement, ending speculation about the possible return of Jenson Button.
Lewis Hamilton was 'shocked' with the pace of Mercedes after notching a record-extending eighth pole position at the Australian Grand Prix ahead of team mate Valtteri Bottas as they thrashed their Formula One rivals in qualifying on Saturday.
Mercedes's brilliant pitstop strategy spoiled the game for Max Verstappen in Hungarian Grand Prix, says Rediff's F1 columnist Raja Sen.
Hamilton has won half of the season's 20 races so far, propelling his team to an unprecedented sixth successive title double, but Brazil was a disappointing weekend with Valtteri Bottas retiring.
The 21-year-old is the first Ferrari driver since seven times champion Michael Schumacher to take four consecutive poles in a single season.
Hamilton is seven points clear of Finnish team mate Valtteri Bottas after five of the 21 races.
Stewards were investigating whether the Mercedes driver, who won from 14th on the grid, illegally crossed a line separating the entry from the track when he hurriedly changed his mind about pitting during a safety car period.
Ferrari won the race in one-two formation, with Sebastian Vettel leading Charles Leclerc, for their third successive victory.
