This feature article reviews the synthesis and application of silver nanowires with the focus on a polyol process that is capable of producing high quality silver nanowires with high yield. The as-synthesized silver nanowires can be used as both physical templates for the synthesis of metal/dielectric core/shell nanowires and chemical templates for the synthesis of metal nanotubes as well as semiconductor nanowires. Typical examples including Ag/SiO₂ coaxial nanocables, single- and multiple-walled nanotubes made of Au-Ag alloy, AgCl nanowires and AgCl/Au core/shell nanowires are discussed in detail to illustrate the versatility of nanostructures derived from silver nanowire templates. Novel properties associated with these one-dimensional nanostructures are also briefly discussed to shed the light on their potential applications in electronics, photonics, optoelectronics, catalysis, and medicine.