The invention discloses a method for recycling lead and tellurium from lead anode slime. The method comprises the following steps of curing, specifically, after hydrogen peroxide is added to the leadanode slime to be uniformly stirred, the mixture stands still for curing, and cured slag is obtained; selective leaching, specifically, a lead electrolyte is added to the cured slag obtained in the curing step and stirred for leaching, a leached liquid A and leached slag A are obtained, the leached liquid A returns to the selective leaching process for cycle leaching, after the lead concentrationin the leached liquid A reaches 90-150 g/L, a sulfuric acid is added, lead sulfate is obtained, and the lead is recycled; alkaline leaching, specifically, an alkali leaching agent is added to the leached slag A obtained in the selective leaching step and stirred for leaching, a leached liquid B and leached slag B are obtained, the leached liquid B returns to the alkali leaching process for cycle leaching, after the tellurium concentration in the leached liquid B reaches 20-30 g/L, the leaching liquid B is subjected to electrolysis, and the tellurium is recycled. The lead content in the processed lead anode slime can be lowered by 70 or above, and the recovery rate of the tellurium can reach 90% or above.