The unique silver properties, especially in the form of nanoparticles (NPs), allow to utilize them in numerous applications. For instance, Ag NPs can be utilized for the production of electronic and solar energy harvesting devices, in advanced analytical techniques (NALDI, SERS), catalysis and photocatalysis. Moreover, the Ag NPs can be useful in medicine for bioimaging, biosensing as well as in antibacterial and anticancer therapies. The Ag NPs utilization requires comprehensive knowledge about their features regarding the synthesis approaches as well as exploitation conditions. Unfortunately, a large number of scientific articles provide only restricted information according to the objects under investigation. Additionally, the results could be affected by artifacts introduced with exploited equipment, the utilized technique or sample preparation stages. However, it is rather difficult to get information about problems, which may occur during the studies. Thus, the review provides information about novel trends in the Ag NPs synthesis, among which the physical, chemical, and biological approaches can be found. Basic information about approaches for the control of critical parameters of NPs, i.e. size and shape, was also revealed. It was shown, that the reducing agent, stabilizer, the synthesis environment, including trace ions, have a direct impact on the Ag NPs properties. Further, the capabilities of modern analytical techniques for Ag NPs and nanocomposites investigations were shown, among other microscopic (optical, TEM, SEM, STEM, AFM), spectroscopic (UV-Vis, IR, Raman, NMR, electron spectroscopy, XRD), spectrometric (MALDI-TOF MS, SIMS, ICP-MS), and separation (CE, FFF, gel electrophoresis) techniques were described. The limitations and possible artifacts of the techniques were mentioned. A large number of presented techniques is a distinguishing feature, which makes the review different from others. Finally, the physicochemical and biological properties of Ag NPs were demonstrated. It was shown, that Ag NPs features are dependent on their basic parameters, such as size, shape, chemical composition, etc. At the end of the review, the modern theories of the Ag NPs toxic mechanism were shown in a way that has never been presented before. The review should be helpful for scientists in their own studies, as it can help to prepare experiments more carefully. Display omitted •Size, shape and chemical composition of AgNPs can be controlled during synthesis.•Artifacts and limitations of the utilized technique can lead to results misinterpretations.•Properties of AgNPs are strictly dependent on the synthesis route.•AgNPs cytotoxicity is a complex process, which related not only to Ag ions release.