Silver nanoparticles were synthesized by chemical reduction method from aqueous silver nitrate solution ana hydrazine as a reduction agent. The morphology, particle size and shape were dependent on the mixing method, reaction temperature and time, molar ratio of hydrazine and silver nitrate, the kind of surfactant, and the addition of surfactant. The stability of the colloidal silver was achieved by the adsorption of surfactant molecules onto the particle. Silver nanoparticles have a characteristic absorption maximum at 430 nm under UV irradiation. It was found that the colloid was nanometer m size and formed very stable dispersion of silver. The Ag nanoparticles obtained showed the spherical shape with the size range of 10-30 nm.