Nanoparticles are a significant topic due to their applications in various fields, including biology, optics, catalysis, pharmaceutics, health, agriculture, and industry, with biosynthesis processes being quick, easy, and environmentally friendly. Due to their applications across multiple industries, silver nanoparticles, or AgNPs, have become the most desired nanoparticles with the recent development of nanotechnology. The physical, chemical, and biological characteristics of AgNPs are being studied. These characteristics are crucial for limiting the hazards associated with silver nanoparticles while optimizing their potential applications in many fields. A higher degree of toxicity in both the environment and living things could arise from the increasing use of silver nanoparticles in the product. Silver nanoparticles find application in wound care, anti-infective therapy, food, pharmaceutical, and cosmetic industries. As antioxidant, antiviral, anticancer, antifungal, antiinflammatory, and microbiological agents, silver nanoparticles are widely used. Not only must the particles be nanoscale in order for silver nanoparticles to be present, but their production must also be simple and inexpensive to achieve. This paper aims to review the different methods of synthesis of silver nanoparticles, properties, characterization, and their applications. In specific, several chemical and green synthesis approaches for synthesising silver nanoparticles have been discussed. The morphology, size, thermal properties, toxicity properties, electrical properties, catalytic properties, and applications of silver nanoparticles are focused. The main focus is on the effective and efficient synthesis of pure silver nanoparticles and their potential applications.