Fluorescence detection is currently one of the commonly used techniques worldwide. Through this work, the preparation and optical properties of an interesting composite material are discussed. It is shown that encapsulating cobalt spinel ferrite (CoFe2O4), obtained by the sol-gel autocombustion method, into poly[diphenyl-co-methyl(H)]silane matrix leads to fluoromagnetic particles (PSCo) with intriguing optical properties. Transmission electron microscopy, combined with energy-dispersive X-ray analysis, showed 500 nm large spherical structures containing a core (around 400 nm in diameter) composed of magnetic ferrite particles, surrounded by a thin layer of semiconductive fluorescent polymer. The as-obtained material exhibited ferrimagnetic properties. The FTIR spectrum confirmed that the Si-H functionality of the polysilane was preserved. UV spectroscopy combined with molecular modeling studies indicated that the magnetic core had a strong influence on the intramolecular electron transitions characteristic of the σ-conjugated polysilane. Further analysis by steady-state fluorescence spectroscopy revealed that the internal magnetic field strongly enhances the polysilane emission. This property will be further investigated in the future in order to develop new detection devices.