The origin of the Lone Ranger's horse Silver and his use of silver bullets is explained.

The Vance family settles right in the middle of a war between the Madden gang and local ranches. Despite the hostility to Fred Vance over his past, he decides he will not be run off this parcel of land. The Lone Ranger believes in Fred's innocence, and asks him to help stop the ranchers riding into an ambush and then set a counter trap for the gang after rescuing the son of one of the ranchers being held hostage

The Lone Ranger becomes concerned when he hears a recently released prisoner, John Ames is returning to his home town threatening to take revenge on those who wrongly accused him of robbing a stage. At the town news breaks that Ames' intended victims are dead. The Lone Ranger becomes embroiled in the mystery when he's accused of aiding Ames in the murders.

Nat Parker has just gotten out of prison after serving 4 years for bank robbery, and is determined to kill his two outlaw partners whom he took the rap for, and recover the $75,000 in stolen money for himself. His loving girlfriend Beata, and Father Paul, ask the Lone Ranger to help before Nat makes a grave mistake and ends up back in prison.