SILVER LODE tells the story of Dan Ballard and Rose Evans who are about to be married when Marshal Ned McCarthy and his deputies ride into town looking for Ballard. McCarty accuses Ballard of having murdered his brother and has come to arrest him. At first, the townspeople are on Ballard's side. But gradually they turn against him, especially when they believe that he has killed the town sheriff. Ballard tries to prove his innocence and expose McCarty (a naming convention which appears to be a reference to then Senator Joseph McCarthy).