Silver nanoparticles with sizes between 1 and 100 nanometer are frequently used in industries such as catalysis, electronics, and photonics. They have special qualities like optical, electrical, and magnetic characteristics that can be used as antimicrobial, biosensor textile, cosmetics, composite fibres, and electronic components, as well as to extend the shelf life of food substances. The primary goal of this review was to concentrate on recent developments in silver nanoparticle formulation techniques as well as potential future applications. The potential for biological uses of silver nanoparticles is extremely significant.