Silver nanowires (AgNWs) have been extensively studied as promising nanomaterials in optics, next‐generation flexible electronics, and energy‐related fields, but the stability and the properties at single‐nanowire level still need to be investigated carefully. We have successfully prepared single palladium@silver nanowire electrodes (Pd@AgNWEs) by using a laser‐assisted pulling method, followed by a galvanic replacement reaction (GRR). The results show that the chemical stability of AgNWs can be improved greatly by coating a small amount of Pd, and the Pd@AgNWEs exhibit superior electrocatalytic performance in methanol oxidation. This work can give us a new insight to investigate the performance of devices/catalysts at the single‐particle/nanowire level that will benefit research in flexible electronics and energy‐related fields.