The paper presents results of investigations of the obtained nanocomposite materials based on silver with addition of multiwall carbon nanotubes. The powder of carbon nanotubes content from 0.1 to 3 wt. % was produced by application of powder metallurgy methods, through mixing and high-energetic milling, and also chemical methods. Modification of carbon nanotubes included electroless deposition of silver particles on the carbon nanotube active surfaces and chemical reduction with strong reducing agent – sodium borohydride (NaBH4). The obtained powder mixtures were consolidated by SPS – Spark Plasma Sintering method. The formed composites were subjected to tests of relative density, electrical conductivity and electro-erosion properties. Detailed examinations of the structure with application of X-ray microanalysis, with consideration of carbon nanotubes distribution, were also carried out. The effect of manufacturing methods on properties of the obtained composites was observed.