  Raman scattering experiments from silver nanocrystals embedded in films of
amorphous silica are reported. In addition to the low-frequency peak due to
vibrational quadrupolar modes, a broadband is observed in the high-frequency
range, with a maximum at about 1000 $cm^{-1}$. The linear dependence of the
position of this maximum on the inverse cluster radius is in agreement with the
Raman scattering by single or collective electron-hole excitations.
