This work reports the catalytic oxidation of glycerol with Palladium-Silver bimetallic nanoparticles (Pd-Ag) immobilized on cobalt ferrite (CoFe2O4). Bimetallic nanoparticles were prepared by the galvanic replacement method, immobilized on CoFe2O4 by wet impregnation and characterized by VSM, UV-Vis, TGA/DTA, XRF, TEM, SEM and DRX techniques. Bimetallic Pd-Ag nanoparticles with 39 wt% Pd content effectively catalyzed the selective oxidation reaction of glycerol to glyceraldehyde. Catalytic oxidation was carried out at 60 - 80 °C for 2 - 4 h in an aqueous NaOH solution (NaOH/glycerol ratio = 4 mol/mol) under O2 pressure of 4 bar; the selectivity of glyceraldehyde reached 99.35% and the conversion of glycerol of 49.07% at a temperature of 60 °C and a reaction time of 2 h. Samples were analyzed by high-performance chromatography (HPLC). Glyceric acid and traces of tartronic acid and mesoxalic acid were also detected. The catalyst was also very stable, showing activity up to 4 runs without significant loss of activity and selectivity.