Silver Skates is about Claire (Patricia Morison) who is the owner of an ice-show and is in danger of going bankrupt because Belita (Belita), who is the star of the ice-show is going to leave and marry Tom (Henry Wadsworth), who is one of the singers of the show. Claire also has a love interest. Her love interest is Danny (Kenny Baker), but she says she isn't going to marry him until she can get the show back to its former glory. Her mind quickly changes when she meets Katerina (Irene Dare), who is a 10-year-old orphaned refugee from Holland who is looking for her uncle. Claire wants to adopt her but can't because she isn't married. Claire accepts Danny's wedding proposal but she is unaware of a love triangle created to keep Belita in the show. Will Claire be able to get her company out of debt and work out her problems?