A thermal camouflage fabric has a first side and a second side and at least the first side of the fabric comprises a printed layer. The printed layer contains at least a first, second, and third color paste in a camouflage pattern. At least a portion of the first, second, and third color pastes are in discrete locations in the printed layer. The first, second, and third color pastes each contain at least one pigment, a plurality of metallic particles, and a binder. The first color paste contains at least about twice the amount by weight of metallic particles than the third color paste and the first color paste contains less pigment by weight than the third color paste.