The invention discloses a method for manufacturing high-metal-sense aluminum silver paste, which is realized in a way that: high-carbon steel balls with the diameters of 0.4-1.0 mm are used as the milling medium of the ball mill, fine spherical aluminum powder (d50 is smaller than 5 mum), an organic solvent and lubricant are evenly mixed according to the weight proportion of 40:300:1, ball-milling is carried out in the ball mill for 25-50 hours, pressure filter is carried out on the discharged material, and the filtrate returns to the ball milling process for cycle use; press cakes enter the sieve classification process, the material passing through a 500-mesh sieve enters a wet whirl classification process and then pressure filter is carried out, and the filtrate returns to the sieve process for cycle use; and the press cakes enter the kneading process to be surface-treated, and then is packed to obtain the high-metal-sense aluminum silver paste. In the invention, small steel balls are used for carrying out mild transformation operation on the fine spherical aluminum powder for a long time, oil for the ball mill and oil for sieving are used separately, and the material passing through the 500-mesh sieve is processed in a wet classification way, so that the flaky aluminum pigment particles have the advantages of smooth surface and narrow particle size distribution, thereby ensuring the high metal sense of the aluminum paste.