A rapidly expanding area of study in the field of coordination chemistry is the environment friendly, green- mediated synthesis of inorganic chelates. This paper describes the formation of silver chelate using aqueous extract of soybean seeds without using toxic chemicals. Visual confirmation of the formation of silver chelate was obtained by observing the colour change from light yellow to dark brown. Additionally, an intense peak at 434 nm in the UV-Vis spectrophotometer was observed. FT-IR and 1H NMR analysis were also performed to confirm the formation of chelate. Biological activities were also performed from which S. aureus and C. albicans shows the best antibacterial and antifungal activities.