The story takes place in the world of Kulnor, which is not unlike Middle-Earth and is populated with similar races and cultures. While dragons of all types have lived on Kulnor for centuries, a rare, silver variety are believed to have special powers. One sect of clerics believes them to have the power to take over the world.

Four travelers come upon the mountains where the clerics used to dwell, and they are thrown in the middle of a conflict between good and evil, brother against brother that goes back to the time of the ancient clerics.