The paper presents the results of research on the influence of the components of composition on the physicochemical properties of cross-linked poly(sodium acrylate)/sodium silicate hydrogels. The results of the rheological measurements showed that an increasing share of polyacrylate in the sample causes a shift of the cross-over point towards longer times and improves mechanical properties. In turn, increasing the share of sodium silicate has a positive effect on extending the fire insulation time (I). TG/DSC analysis indicated that if the sample contained more than 50 wt.% of polymer, the thermal decomposition was a three-stage process, while if the sample contained more water glass, the decomposition was two stage. UV-Vis measurements and SEM analysis confirmed, inter alia, that increasing the share of polyacrylate causes improvement of the optical parameters and homogeneity of the tested hydrogels. The presented results suggest that by controlling the share of the main components of the silicate–polymer hydrogels, it is possible to control their mechanical, optical and thermal properties. Multiplication of the layers or increasing their thickness improves their fire-retardant properties.