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In this work we report the preparation of colloidal silver nanoparticles. In order to prepare the silver nanoparticles laser ablation method has been used.A silver coin as a target (purity 99.9 %) was ablated by a Q-Switched Nd:YAG laser with a fluence of about 91 mJ/cm2 at a repetition rate of 10 Hz at room temperature. In order to evaluate these particles transmission electron microscopy (TEM) and spectrophotometry (from UV to NIR) have been used. The average size of prepared nanoparticles is ~ 20 nm. The importance of morphology of nanoparticles has been investigated. Developed applications of silver nanoparticles have been studied,silver nanoparticles are considered as biocompatible and low in toxicity and have good potential for biological applications. Lately silver nanoparticles have found a novel approach in different fields of medicine, biology and industry.