Ex-Senator Knight and his aide Martin Blaine arrive in the territory and re-open an abandoned silver mine. Soon a ghost town near the mine is populated and renamed Silver Knight. The Senator and Blaine begin selling land to others who want to share in the silver. A man named Kelso shows up and demands money from Blaine for work he has done. Blaine pays him and then arranges for his murder. Kelso is shot and scalped to blame it on the Apaches, who are upset about white men coming onto their land. The mine goes into operation but Hondo and Buffalo's friend Willie tells them there isn't much silver being mined. It is soon announced that the first shipment of silver, worth $75,000, is being shipped out. Hondo soon figures out that Senator Knight and Blaine are actually shipping in silver from Mexico, which can be bought for a cheaper price, and passing it off as mined in the U.S. so they can make a huge profit on the difference in price.

The Hendrix Trading Post, which is also a school for the Apaches, is raided by four men lead by Selby. Mrs. Hendrix manages to rip a piece off Selby's shirt. Ben Dow, Angie's father-in-law and Johnny's grandfather, arrives to visit. He has been told by Angie that his son Ed was killed by an Apache but soon learns he was killed by Hondo. He then vows to take Johnny away from Angie. Hondo recalls how he met Angie and Johnny, rescuing them from four Apaches, and the circumstances of Ed Dow's death. Tribolet cuts a deal with Selby and the raiders, who shoot Mr. Hendrix and burn the Hendrix trading post. He also tells Ben Dow he can get Johnny away from Angie for him and has a couple of the raiders kidnap him. During his meeting with Selby Ben Down learns his son Ed was part of their gang and was killed while trying to bushwhack Hondo. Using a shirt of Johnny's for scent Sam is able to lead Hondo and Buffalo to the hideout where they battle Selby and his gang. Knowing the truth Be