Molecular simulation is used to unravel the adsorption mechanisms of xenon on Ag-doped ZSM-5 zeolite. We show that silver nanoparticles, which form at the external surface of zeolite crystallites, are responsible for enhanced xenon physisorption at very low pressure. We also propose a simple model of adsorption on such composite materials made up of silver-exchanged zeolites and silver nanoparticles adsorbed at the zeolite surface. This model, which allows predicting the adsorption of other gases without any additional parameters, provides a tool to characterize the amount of reduced silver as well as the silver particle size distribution (in good agreement with transmission electron microscopy images). The presence of a majority of silver nanoparticles is further characterized by means of X-ray diffraction and X-ray Absorption Spectroscopy at the silver K edge.