In view of their unique characteristics and properties, silver nanomaterials (Ag NMs) have been used not only in the field of nanomedicine but also for diverse advanced catalytic technologies. In this comprehensive review, light is shed on general synthetic approaches encompassing chemical reduction, sonochemical, microwave, and thermal treatment among the preparative methods for the syntheses of Ag-based NMs and their catalytic applications. Additionally, some of the latest innovative approaches such as continuous flow integrated with MW and other benign approaches have been emphasized that ultimately pave the way for sustainability. Moreover, the potential applications of emerging Ag NMs, including sub nanomaterials and single atoms, in the field of liquid-phase catalysis, photocatalysis, and electrocatalysis as well as a positive role of Ag NMs in catalytic reactions are meticulously summarized. The scientific interest in the synthesis and applications of Ag NMs lies in the integrated benefits of their catalytic activity, selectivity, stability, and recovery. Therefore, the rise and journey of Ag NM-based catalysts will inspire a new generation of chemists to tailor and design robust catalysts that can effectively tackle major environmental challenges and help to replace noble metals in advanced catalytic applications. This overview concludes by providing future perspectives on the research into Ag NMs in the arena of electrocatalysis and photocatalysis.