The invention discloses a conductive paste for a positive electrode of a crystal silicon solar cell and a preparation method of the conductive paste. The paste is prepared by mixing and grinding conductive metal powder, alloy powder which is formed by two or more elements selected from silver, zinc, tin, silicon, copper, magnesium, germanium, gold, beryllium, aluminum, indium, cerium, lanthanum, gallium, bismuth, and nickel, an organic carrier, and one or a mixture of transition metal oxide, lead oxide, stannic oxide, zinc oxide, organic compounds of zinc, and organic compounds of titanium according to a certain weight part. In the conductive paste, glass powder is not used as an inorganic binder, the problems of low electrical properties, low weldability and welding resistance, silicon chip bending and the like caused by adding the glass powder into the conductive paste for the positive electrode of thecrystal silicon solar cell in the prior art are solved, the positive electrode of the crystal silicon solar cell prepared from the paste has firm adhesive force, high ohmic contact, high weldability and high welding resistance, and the solar cell has a high electrical property and low deformability.