In this paper, we reported comparative study of the humidity characteristics of graphene/silver nanoparticles composite (Gr-AgNps) and graphene/silver nanoparticles/PMMA composite (Gr-AgNps-PMMA) based efficient humidity sensors. Aqueous solution of Gr-AgNps and Gr-AgNps-PMMA was drop casted over interdigitated copper electrodes with 50 μm gap embedded in the substrates in dust free environment. The band gap obtained from the UV-vis spectra for Gr-AgNps and Gr-AgNps-PMMA based humidity sensors was 4.7 and 4.1 eV respectively. The capacitive and resistive humidity response was studied using LCR meter (GW Instek817). Apparent increase in capacitance was observed (100-10,000 nF) with the increase in the humidity percentage (30-95%RH) at lower frequencies for both the sensors. Resistance of the sensors dropped to zero as the humidity level is increased from 30 to 95%RH in the chamber. The devices were tested for real time stability and for fast response/recovery time. Both the devices showed an excellent stability and response by recording their resistance and capacitance respectively. A lagging of RH decreasing response from RH increasing response was observed at 500 Hz frequency for both the sensors depicted from the hysteresis curve. The humidity response of Gr-AgNps was comparatively better than that of the Gr-AgNps-PMMA based humidity sensors.