Silver nanoparticles (AgNPs) loaded thermoresponsive nanofibrous hydrogel is fabricated by electrospinning the aqueous solution containing the metal nanoparticles and poly((N‐isopropylacrylamide)‐co‐(N‐hydroxymethylacrylamide)) copolymer, followed by heat treatment. To avoid negative effect of the stabilizer or the residual reductant on their performances, the AgNPs of less than 5 nm size are synthesized through reducing Ag+ ions in the spinning solution by UV irradiation. The prepared nanofibrous hydrogel with desirable stability in aqueous medium has significant thermoresponsive property, and can reach its swelling or deswelling equilibrium state within 15 s with the medium temperature changing between 25 and 50 °C alternately. The smart nanofibrous hydrogel as a dip‐catalyst has the catalysis for the reduction of 4‐nitrothiophenol to 4‐aminothiophenol by NaBH4, and its catalytic activity can be rapidly tuned by temperature. Moreover, it can be facilely recycled from the reaction system at least four times, without any loss of its catalytic activity.