The present study aims to investigate the effect of the addition of Ag on the tribological performance of a CrAlN coating system, at room and high temperatures (600 °C). The addition of Ag, in general, has been seen beneficial in lowering the coefficient of friction (COF) at room and high temperatures. Independent of the decrease of COF with Ag additions, the specific wear rate was degraded. The only exception was the CrAlNAg9 coating with 8.6 at.% of Ag which exhibited the lowest specific rate at room temperature while maintaining its comparable wear resistance properties with that of reference CrAlN coating at 600 °C. The CrAlNAg9 coating also demonstrated coefficient of friction (COF) of 0.16 and 0.26 at room temperature and 600 °C, respectively. Formation of Ag and AgCrO2-rich tribolayer during sliding at high temperature was responsible for lubricious properties of CrAlN(Ag) coatings. However, doping the coatings with small content of Ag (around 2.4 at.%) was not effective in decreasing the COF, nor the specific wear rate under high temperatures. On the other hand, high concentration of Ag (11.8 at.% and above) had a detrimental influence on mechanical properties and poor resistance to oxidation at elevated temperature compromising both friction and wear properties of the CrAlNAg12 and CrAlNAg16 coatings.