The invention discloses electrocondution slurry and a preparation method and application of the electrocondution slurry. The slurry comprises, by mass percent, 30-40% of silver-graphene composite materials, 30-48% of organic resin, 5-10% of cross-linking agents and 12-26% of thinning agents. The method that the silver-graphene composite materials are prepared are as follows: graphite oxide and organic silver are added to a mixed system formed by organic solvents and deionized water, and ultrasonic dispersion is carried out on the mixture; hydrazine hydrate is dripped to the mixed system while the mixed system is stirred; after stirring is carried out for 20-30 min at room temperature, the temperature rises to 60-70 DEG C, reaction is conducted for 2-3 h, the mixture is cooled to be at the room temperature, filtered and rinsed by the deionized water, vacuum drying is carried out on the mixture, and the silver-graphene composite materials are obtained. The electrocondution slurry can meet the demands of photovoltaic devices for the electrical property under low silver content conditions and is suitable for flexible substrates, good in temperature and moisture resistance and excellent in filament printing performance, adhesive force of the electrocondution slurry and substrate ITO materials is high, and production cost of the slurry is remarkably reduced.