The present invention relates to the technical field of chemical oil field drilling fluids, and in particular discloses a silicate-aluminate system anti-sloughing drilling fluid, the drilling fluid is prepared from raw bentonite base slurry, a viscosity and shear strength improving agent, a filtrate loss reducer A, a high temperature filtrate loss reducer B, a flow type regulator, an organic inhibitor, an inorganic salt, a plugging agent, sodium hydroxide, barite, a silicate and sodium metaaluminate, by compounding of the low modulus silicate and the aluminate, in the conversion process of filtrate from high pH value environment to neutral environment, the low modulus silicate and the aluminate generate a silicate gel and a new material aluminosilicate precipitate to play chemical wall fixing and physical formation plugging roles, namely an inorganic mineral dense blocking layer is formed immediate vicinity of a wellbore, the collapse pressure of an easy-to-slump formation can be significantly reduced, the bearing capacity is effectively improved, anti-sloughing inhibition capacity of the drilling fluid can be improved, and the silicate-aluminate system anti-sloughing drilling fluid can better satisfy the requirements of borehole wall stability and safe drilling, and achieves the purpose of inhibiting, plugging and chemical wall fixing.