The invention discloses feed for breeding of river silver carps and a preparation method of the feed. The feed is prepared from the following raw materials in parts by mass: 55-75 parts of grains, 18-26 parts of soybean meal, 12-22 parts of corncob, 13-26 parts of straw, 10-19 parts of fungus chaff, 20-35 parts of leaves of artemisia argyi, 19-22 parts of earthworm powder, 30-45 parts of calcium superphosphate, 25-45 parts of algal powder, 25-45 parts of betaine, 13-26 parts of bran, 3-8 parts of amaranth powder, 13-26 parts of rapeseed meal, 13-15 parts of sesame oil and the balance of corn meal. The feed is prepared from the fungus chaff and waste or damaged edible fungi as raw materials, effectively uses the value of the fungus chaff and the waste edible fungi and reduces the possibility of environmental pollution, the prepared silver carp feed has rich and balanced nutrients, contains rich minerals meeting growth requirements of the silver carps and is aromatic in smell and good in palatability.