The invention discloses high-imitation electroplating bonding silver powder paint which comprises the following components in parts by weight: 80-90 parts of terminal carboxyl group polyester resin, 6-8 parts of isocyanate triglycidyl ester, 10-15 parts of organic silicon resin, 5-10 pars of terpene resin, 1-3 parts of polyacrylate, 0.3-0.7 part of benzoin, 0.5-1 part of a fluorescent whitening agent, 1-2 parts of a bonding aid and 0.6-1 part of coating type aluminum powder. The invention further provides a preparation method of the high-imitation electroplating bonding silver powder paint. The preparation method comprises the following steps: weighing and blending materials, premixing the materials, performing melting extrusion, grinding, bonding, screening, and packaging a finished product, thereby obtaining the high-imitation electroplating bonding silver powder paint. By adopting the high-imitation electroplating bonding silver powder paint and the preparation method thereof, effects of high smoothness, high clarity, high brightness and high leveling properties of an electroplated surface are achieved by adjusting the melting viscosity, clarity, surface tension, glass transition temperature, bonding temperature, bonding time, bonding speed and powder flowability of a formula.