Nanotechnology has advanced significantly over the last decade and has found several uses in fields as diverse as medical, pharmaceuticals, microelectronics, aerospace, and the food industry. The use of nanoparticle (NP) drug carriers has been investigated, and this method offers several benefits. Some of these benefits include the controlled and targeted release of loaded or coupled drugs, as well as an improvement in the bioavailability of the drug. However, they also have certain drawbacks, such as their in vivo toxicity, which affects all organs, including the healthy ones, and the overall benefit of the illness therapy, which might be insignificant or limited. Due to their unique physical, chemical, and optical characteristics, AgNP have attracted a lot of attention in recent years. These NP have several potential uses, including drug delivery. Methods that get around these problems are crucial since traditional cancer chemotherapy has several drawbacks, including limited bioavailability and the need for high dosages that have side effects. The study examines AgNP as a drug delivery system for the treatment of cancer. The paper also examines the most recent developments in the use of AgNP for the delivery of anticancer medications and their impact on antitumor effects. It is also observed that silver nano particles can characterize their physicochemical properties and determine the presence of any potential toxicity.