Powder type Ag system insert metals were manufactured by mechanical alloying method. Alloying method was the ball milling process using zirconia ball media, and all alloying variables were constant except the milling time. The milling times were selected 24, 48 and 72 hours. The insert metals made by milling method were observed using scanning electron microscope and x-ray analyses. And also, the evaluation of wettability and microstructures of the insert metals were conducted to investigate the characteristics of the brazed joint. The wettability of the insert metals made by milling of 48 hours, was the best condition. And the insert metals contained Cd shows good wettability, however, there was the oxides residue on the brazing test specimen. The microstructures of the manufactured and the commercial insert metals were almost same displaying the Cu- rich proeutectic and Ag-rich eutectic. Further, there were some porosities. The 48 hours alloyed insert metal was exhibited the most sound brazed joint without containing porosity due to the superior wettability and good alloying condition.