Plant mediated synthesis of silver nanoparticles is eco-friendly and of low cost. The synthesis involves a reduction of silver ions and is controlled by several independent factors. In this work, silver nanoparticles (AgNPs) were successfully synthesized using olive stone extract (OSE) and olive mill wastewater (OMW) extract. The nanoparticle synthesis was monitored using the plasmon resonance observed in the UV–Vis absorption spectrum, in which a Voigt profile was fitted. The peak wavelength (λ0), the peak area (A), and the Full Width at Half Maximum (FWHM) were the fitting parameters and were used as the response. The independent factors were the incubation temperature, the incubation time, the silver nitrate, extract, and sodium hydroxide concentrations. The influence of these factors was investigated “two factor at a time”, using interaction plots. Strong interaction was observed between all factors, with sodium hydroxide to have a crucial role. The optimum conditions for silver nanoparticle formation were a) OSE (1 % v/v), AgNO3 (2 mM), and NaOH (0.2 mM), and b) OMW (2 % v/v), AgNO3 (1 mM), and NaOH (7.9 mM), showing an absorption maximum at 414 nm, and 410 nm, respectively. The mean diameter of AgNPs using OMW, measured with Transmission Electron Microscopy was 12.87±4.84 nm. Both types of AgNPs showed antibacterial action against Staphylococcus epidermidis (S. epidermidis) and Escherichia coli (E. coli), using the broth microdilution assay. Both nanoparticle types inhibited bacterial growth up to one dilution higher than reference samples.