Mesoporous TiO2/reduced graphene oxide/Ag (TiO2/RGO/Ag) ternary nanocomposite with an effective electron transfer pathway is obtained by an electrostatic self-assembly method and photo-assisted treatment. Compared with bare mesoporous TiO2 (MT) and mesoporous TiO2/RGO (MTG), the ternary mesoporous TiO2/RGO/Ag (MTGA) nanocomposite exhibited superior photocatalytic performance for the degradation of methylene blue (MB) under visible light, and the degradation rate reached 0.017 min−1, which was 3.4-times higher than that of MTG. What is more, the degradation rate of MTGA nanocomposite after three cycle times is 91.2%, and the composition is unchanged. In addition, we found that the OH•, h+ and especially O2•− contribute to the high photocatalytic activity of MTGA for MB degradation. It is proposed that Ag nanoparticles can form the local surface plasmon resonance (LSPR) to absorb the visible light and distract the electrons into MT, and RGO can accept the electrons from MT to accelerate the separation efficiency of photogenerated carriers. The establishment of MTGA ternary nanocomposite makes the three components act synergistically to enhance the photocatalytic performance.