Chelating resins are useful substances in industry because of their extraordinary adsorption properties for specific metal ions. In this study, a new type of chelating resin is synthesized simply by reaction between thiourea and formaldehyde. The synthetic conditions and the structure of the product are approached and the adsorbing capacities for 11 metal ions, adsorbing rates, and selectivities investigated. The results of the experiments show that the resin has high adsorbing capacities for Ag(I): 13.1 mmol/g, and for Au(III): 6.95 mmol/g. Adsorbing rates are close to 100% in dilute solution. Isothermal adsorbing study reveals that the adsorption is monomolecular layer adsorption process. It is hopeful for the resin to be used for concentrating and retrieving Ag(l) and Au(III) ions from their dilute solutions in industry.