Present invention discloses a touch panel and a manufacturing method thereof, the touch panel comprises: a substrate; a silver nano-wire electrode layer provided on the substrate comprising a connecting area and a non-connecting area; a first protective layer provided on silver nano-wire electrode layer having a first hole corresponding to connecting area; a second protective layer provided on first protective layer having a second hole corresponding to position of first hole; and a connecting wire provided on second protective layer connected to silver nano-wire electrode layer in connecting area through second hole and first hole. With the touch panel, the problem that etching solution can't seep when a single protective layer is too thick and the problem that a silver nano-wire layer is easily oxidized and the adhesion of the silver nano-wire layer is poor when a single protective layer is too thin can be avoided.