Nanotechnology is one of the most advance and multidisciplinary fields. Recent advances in nanoscience and nanotechnology radically changed the way we diagnose, treat, and prevent various diseases in all aspects of human life. The use of plants and their extracts is one of the most valuable methods towards rapid and single-step protocol preparation for various nanoparticles, keeping intact “the green principles” over the conventional ones and proving their dominance for medicinal importance. A facile and eco-friendly technique for synthesizing silver nanoparticles has been developed by using the latex of Euphorbia royleana as a bio-reductant for reducing Ag+ ions in an aqueous solution. Various characterization techniques were employed to validate the morphology, structure, and size of nanoparticles via UV–Vis spectroscopy, XRD, SEM, and EDS. FTIR spectroscopy validates different functional groups associated with biomolecules stabilizing/capping the silver nanoparticles, while SEM and XRD revealed spherical nanocrystals with FCC geometry. The results revealed that latex extract-mediated silver nanoparticles (LER-AgNPs) exhibited promising antibacterial activity against both gram-positive and -negative bacterial strains (Bacillus pumilus, Staphylococcus aureus, E. coli, Pseudomonas aeruginosa, and Streptococcus viridians). Both latex of E. royleana and LER-AgNPs were found to be potent in scavenging DPPH free radicals with respective EC50s and EC70s as 0.267% and 0.518% and 0.287% and 0.686%. ROSs produced in the body damage tissue and cause inflammation in oxidative stress-originated diseases. H2O2 and OH* scavenging activity increased with increasing concentrations (20–100 μg/mL) of LER-AgNPs. Significant reestablishment of ALT, AST, ALP, and bilirubin serum levels was observed in mice intoxicated with acetaminophen (PCM), revealing promising hepatoprotective efficacy of LER-AgNPs in a dose-dependent manner.