The invention provides a preparation method of flake silver powder. The method comprises the steps that water, silver salt, a complexing agent, a silver-plated brightener, a dispersing agent, sublimated flake compound crystals and a reducing agent are adopted as raw materials, a chemical plating method is adopted, silver is plated on the surface of the sublimated flake compound crystal until silver ions react completely, and after the reaction is finished, the flake silver powder is directly obtained through separation and purification and processing treatment processes without ball milling. The preparation method has a series of advantages of being low in energy consumption, small in environmental pollution, simple in production process, short in process route, low in the large-scale production equipment investment, high in production efficiency, lower in production cost, good in product dispersion performance, good in product conductivity and the like, the method is suitable for large-scale production, the problems existing in the process of preparing the sheet-like silver powder by a ball milling method are solved, and the method has the good industrialization prospects.