Many studies have investigated the potential negative effects of silver on aquatic organisms, but most focused on short-term exposure in few species. Moreover, there are many uncertainties about differences in potential toxicity mechanisms and adverse effects of silver nanoparticles (AgNPs) and ionic form of silver (AgNO3). We investigated chronic effects of AgNPs and AgNO3 on the juvenile common carp (Cyprinus carpio). AgNPs and AgNO3 accumulated in the liver, gill and intestine, respectively and highest was related to AgNPs. Our results indicated, silver uptake was accompanied with histological alteration in the target organs such that different tissue lesions were observed in exposed groups. Superoxide dismutase (SOD), catalase (CAT) and lactate dehydrogenate (LDH) activity and also hsp70, ghrelin and IGF-1 genes expression were induced in both forms. After 7 days, highest hsp70 gene expression was observed in AgNO3 treatment and highest ghrelin and IGF-1 gene expression was observed in AgNPs treatment. The results revealed that adverse effects of AgNPs on different aspects of the health of juvenile common carp, may not be solely a result of particle dissolution. In addition, the main toxic mechanism of AgNPs was probably related to the accumulation of silver followed by the molecular and oxidative stress response.