We investigate the most appropriate way to optically characterize the materials and predict the spectral responses of metal-dielectric filters in the visible range. Special attention is given to thin silver layers that have a major impact on the filter's spectral transmittance and reflectance. Two characterization approaches are compared, based either on single layers, or on multilayer stacks, in approaching the filter design. The second approach is preferred, because it gives the best way to predict filter characteristics. Meanwhile, it provides a stack model and dispersion relations that can be used for filter design optimization.