Great efforts have been made to develop efficient visible light-activated photocatalysts in recent years. In this work, a new nanocomposite consisting of anatase TiO₂, Ag, and graphene was prepared for use as a visible light-activated photocatalyst, which exhibited significantly increased visible light absorption and improved photocatalytic activity, compared with Ag/TiO₂ and TiO₂/graphene nanocomposites. The increased absorption in visible light region is originated from the strong interaction between TiO₂ nanoparticles and graphene, as well as the surface plasmon resonance effect of Ag nanoparticles that are mainly adsorbed on the surface of TiO₂ nanoparticles. The highly efficient photocatalytic activity is associated with the strong adsorption ability of graphene for aromatic dye molecules, fast photogenerated charge separation due to the formation of Schottky junction between TiO₂ and Ag nanoparticles and the high electron mobility of graphene sheets, as well as the broad absorption in the visible light region. This work suggests that the combination of the excellent electrical properties of graphene and the surface plasmon resonance effect of noble metallic nanoparticles provides a versatile strategy for the synthesis of novel and efficient visible light-activated photocatalysts.