I tried it, and it took about a month to dissolve. You can take a gallon of distilled water, add a couple grams of silver oxide, wait a month, and siphon off the clear liquid which will be about 20ppm silver oxide. Then you can just add more DW.
Silver oxide dissolves like limestone..... very slowly, but it does dissolve. The reason it dissolves so slowly from powder but yet dissolves quickly when made by electrolysis is that the power particles are very large, while electrolysis releases it one molecule at a time.
One of these days, I am going to experiment with dissolving silver oxide along with sodium hydroxide and reducing sugar. I should end up with yellow metallic CS, and should be able to make more than 20ppm that way.