We prepared 50 periodic nano-layers of SiO 2/Ag x SiO 2(1 − x) with Au layer deposited on both sides as metal contacts. The deposited multi-layer films have a periodic structure consisting of alternating layers where each layer is 10 nm thick. The purpose of this research is to generate nano-layers of nanocrystals of Ag with SiO 2 as host and as buffer layer using a combination of co-deposition and MeV ion bombardment taking advantage of energy deposited in the MeV ion track to nucleate nanoclusters. Our previous work showed that these nanoclusters have crystallinity similar to the bulk material. Nanocrystals of Ag in silica produce an optical absorption band at about 420 nm. Due to the interaction of nanocrystals between sequential nanolayers there is widening of the absorption band. The electrical and thermal properties of the layered structures were studied before and after 5 MeV Si ions bombardment at various fluences to form nanocrystals in layers of SiO 2 containing few percent of Ag. Rutherford Backscattering Spectrometry (RBS) was used to monitor the stoichiometry before and after MeV bombardments.