Paracraga argentea is a moth in the Dalceridae family. It was described by Schaus in 1910. It is found in Mexico, Honduras, Belize, Guatemala, El Salvador, Costa Rica and Panama. The habitat consists of tropical wet, tropical moist, tropical premontane wet, tropical premontane moist, subtropical wet subtropical moist forests. The length of the forewings is 10–12 mm. The forewings are silvery buff and the hindwings are silvery white. Adults are on wing year-round. The larvae feed on Bucida buceras, Adelia triloba, Prunus cerasifera, Trema micrantha and Uncaria tomentosa.