Rhizopus stolonifer showed maximum absorbance at 422nm. Parametric optimization study showed maximum absorbance at 40C and pH 7.0. Further characterization was made by UV-Visible
absorption spectroscopy which shows maximum absorption at 422 nm, Transmission Electron Microscope (TEM) revealed the formation of spherical nanoparticles with size ranging between 5 to 50 nm. Energy Dispersive Spectroscope (EDS) shows the optical absorption peak at 3kev, Fourier Transform Infrared (FT-IR) shows the bands at 1645(1), 1537(2) and 1454(3) cm-1. The biosynthesized silver nanoparticles have broad range of applications such as fluorescent biological labels, drug and gene delivery, bio detection of pathogens, detection of proteins, probing of DNA structure, tissue engineering, tumor destruction via heating, separation and purification of biological molecules and cells, and phagokinetic studies. Majority of the silver nanoparticle applications in medicine are geared towards drug delivery. Therefore, further work will be on antibacterial activity of silver nanoparticles.