Abstract: To improve the wettability of metallic phase Ag for ceramics so as to make full use of the metallic phase, the additives TiO2 and V2O5 were added to NiO and Fe2O3 powders as raw material in the synthesizing process of Ag/NiFe2O4 cermet containing 10% Ag. The NiO and Fe2O3 powders, Ag and the traces of TiO2 and V2O5 were mixed, then molded and sintered at 1250°C for 6 hr. The effects of TiO2 and V2O5 on the micromorphology and electric conductivity of the cermet were studied. The results showed that when adding TiO2 and V2O5, the metal phase Ag is distributed linearly. EDX analysis showed that there is ceramic phase in the metal phase. The facts show that the complex additives TiO2-V2O5 can improve the wettability between the metallic phase Ag and ceramics with the electric conductivity of samples improved remarkably. It was revealed that when the adding amounts of TiO2 and V2O5 are 0.5% and 2.0% respectively, the conductivity of the sample is 8 times as large as that of the sample without TiO2 and V2O5 additives.