There has been increasing interest in the use of squaraines with different physicochemical properties. However, their applications in nanoplasmonics are limited. For that, detailed information on the interactions of squaraines with plasmonic nanostructures is required. In this work, we have studied the adsorption of the squaraine cis‐dicyanomethylene squarate (CDSQ) on the surface of Ag nanoparticles (AgNP). We have combined normal Raman, surface‐enhanced Raman scattering (SERS), and DFT calculations to get insights into the configuration of its adsorption. DFT calculations have been carried out using simplified models of different adsorption geometries for comparison with the results of the SERS experiments. A comparison between the relative intensities of the normal Raman and SERS spectra indicates that CDSQ is adsorbed perpendicular to the AgNP surface. The predicted spectra suggest that CDSQ is chemically adsorbed on the silver surface through one of its N atoms.