This study focuses on the green synthesis of silver nanoparticles (AgNPs) using photo-assisted rice bran extract reduction methods with LED irradiation of varying wavelengths. The AgNPs synthesized using this photochemical method (with violet LEDs) have a narrow size distribution of 10 ± 5 nm. The photoreaction is almost complete within 3 min under the irradiation of violet LED arrays (405 nm, 40 mW/cm2). In contrast, almost no AgNPs were formed using a heating reaction at 90 °C for 3 h. The light conversion efficiency of the photo-assisted reduction method using rice bran extract is over 6 times better than using citrate ions. We propose that the organic acids in rice bran extract are acting as efficient photo-reduction reagents that reduce silver ions to generate AgNPs. The proteins with thiol groups in the rice bran extract act as capping agents, confining the sizes of AgNPs and preventing AgNPs from aggregation through the formation of Ag-S bonds. The excitation wavelength-dependent experiments show that the threshold of photon-energy for photo-assisted rice bran extract reduction is about 2.3 eV. We also found that most of the as-prepared AgNPs retain their morphologies and are well-dispersed for at least 2 months. This photo-assisted rice bran extract reduction method is an easy, fast, green, and highly reproducible process to synthesize stable AgNP colloids for SERS applications.