If both the toy and the lube are of high quality, it is possible to use them together. However, it is HIGHLY recommended that you do a patch test first - on every silicone toy you plan to use, and with every new bottle of lube, as the precise compositions of the lube can change slightly from batch to batch. The same holds true for hybrid lubes.
Water- and oil-based lubes are completely safe with silicone, so if you're ever unsure, you might want to just stick with those.