Silver reinforced with carbon nanotubes, instead of graphite, would increase both the electrical conductivity, hardness and wear resistance of the electrical brush materials. The effective utilization of carbon nanotubes in the Ag/CNT composite depends strongly on its uniform distribution and strong interfacial adhesion to the silver matrix and thus demands for its surface modification. In order to carry out the surface modification of carbon nanotubes, electroless coating was given to them after liquid phase oxidation, sensitization and activation process. The room-temperature chemical treatment results in a nominally complete coating over the entire outer surface of multiwall carbon nanotube. The surface morphology of the carbon nanotubes after each step has been studied using TGA, DSC, XRD, FTIR and SEM.