This study explored some aspects of the radiation-induced chemical modification of silk fibroin in pure water solution as a means to synthesize micro- /nano-gels with antioxidant properties and low cytotoxicity. The amino acid composition of the starting SF material was analyzed by NMR spectroscopy. Special attention was paid to the initial content and fate upon irradiation of the tyrosine residues. The effects of electron beam irradiation on aqueous solutions of silk fibroin was assessed by measuring structural and dimensional changes of SF particles in the solutions as a function of dose. This revealed the gradual decrease of the average hydrodynamic dimensions, initially in the 300–500 nm range for the unirradiated samples to values smaller than 100 nm for doses exceeding 20 kGy. Radical scavenging efficiency of the obtained micro- /nano-gels was assessed by DPPH-based spectrophotometric measurements which revealed the gradual enhancement of the antioxidant properties as a function of dose, yet with a correlated reduction of the scavenging kinetics. Cell viability tests have shown that introducing either the unirradiated or 10 kGy-irradiated SF micro-/nano-gels confirmed the low cytotoxicity of SF-based hydrogel materials, opening new perspectives for the radiation-mediated preparation of SF-based bioactive materials for biomedical and cosmetic applications.