Answer
This is a redox reaction. Al acts as a reducing agent, Ag acts as an oxidizing agent.
Work Step by Step
In a redox reaction, there is a change in oxidation number.
Al's oxidation number changes from 0 to +3. There is an increase in oxidation number so it gets oxidised. Hence, its a reducing agent.
Ag+ oxidation number changes from +1 to 0; there is a decrease in its oxidation number, it gets reduced. Hence, it acts as an oxidizing agent.