In order to analyze the chroma and spectra of silver-foiled paper under different Illuminant/geometric observation conditions and further to optimize the application of different geometric conditions in color measurement of silver-foiled paper, color data on silver-foil paper were obtained under three geometric conditions: 45°/0°, SCI and SCE, and then the data were analyzed in computer color matching and the consistency of color psychometric attributes on silver-foiled paper. The spectral reflectance data of silver foil paper under 45°/0° and SCE did not meet the requirement of computer color matching. The descent order of the reflectance, lightness and chroma of the same sheet of silver-foiled paper was: SCI>SCE>45°/0°. The value of △L*, △a*, △b* and △E under SCE was between that under SCI and 45°/0°, resulting from the remnant specular light in the measured light. In conclusion, 45°/0° and SCE is infeasible as the measurement condition of silver foil paper in computer color matching. 45°/0° is a better measuring geometry and matches well with the visual assessment for the silver-foiled paper compared to SCE. The consistency of different silver-foiled papers is better when the D-value of lightness and chroma is smaller respectively under 45°/0° and SCI.