In this work, we investigate the effect of carbon-doped silver nanoparticles on the Q-switched performance of erbium-doped fiber laser (EDFL). The carbon-doped silver nanoparticles were synthesized using a laser ablation method. The prepared nanoparticles were inserted between fiber ferrules using the adhesion process of the index-matched gel. Incorporating a saturable absorber inside the laser cavity initiates a stable Q-switched mechanism at 11.2 mW of threshold power. The measured results demonstrate that as the pump power of EDFL increases from 11.2 to 267 mW, the pulse repetition, and pulse width tuned from 21.33 to 95.2 kHz and 13.3–3.18 µs, respectively. At 267 mW of pump, the maximum average output power, pulse energy, and peak power were further measured to be 2.36 mW, 24.68 nJ, and 7.76 mW, respectively. Besides, the stability and threshold characteristics of EDFL based on carbon-doped silver nanoparticles were further explored. This study shows that the synthesis of metal nanoparticles using the laser ablation technique and their implementation as saturable absorber represents a promising avenue for advancing ultrafast laser technologies with improved stablility, efficiency, and tunability.