Ablation of silver targets immersed in double distilled water (DDW)/acetone was performed with first order, non-diffracting Bessel beams generated by focusing ultrashort Gaussian pulses (~2 and ~40 fs) through an Axicon. The fabricated Ag dispersions were characterized by UV-visible absorption spectroscopy, transmission electron microscopy and the nanostructured Ag targets were characterized by field emission scanning electron microscopy. Ag colloids prepared with ~2 ps laser pulses at various input pulse energies of ~400, ~600, ~800 and ~1000 µJ demonstrated similar localized surface plasmon resonance (LSPR) peaks appearing near 407 nm. Analogous behavior was observed for Ag colloids prepared in acetone and ablated with ~40 fs pulses, wherein the LSPR peak was observed near 412 nm prepared with input energies of ~600, ~800 and ~1000 µJ. Observed parallels in LSPR peaks, average size of NPs, plasmon bandwidths are tentatively explained using cavitation bubble dynamics and simultaneous generation/fragmentation of NPs under the influence of Bessel beam. Fabricated Ag nanostructures in both the cases demonstrated strong enhancement factors (>10 6) in surface enhanced Raman scattering studies of the explosive molecule CL