Silver, a noble metal, nanoparticles exhibits significantly distinct physical, chemical and biological properties from their bulk counterparts. These nanoparticles are currently attracting increasing attention for the wide range of new applications in various fields of industry. These nanoparticles are available in form of powders & dispersions which can exhibit different properties from those of bulk materials, in terms of small particle dimension, high surface area, higher conductivity, higher stability, quantum confinement and other effects. Most of the unique properties of nanoparticles require not only the particles to be of nano-sized, but also the particles be dispersed without agglomeration. Applications include molecular diagnostics and photonic devices, antimicrobial coatings, many textiles, wound dressings, bandages, and biomedical devices.