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Balance Sheets (Unaudited) (USD $) In Thousands, except Share data, unless otherwise specified | Sep. 30, 2014 | Dec. 31, 2013
--- | --- | ---
Current assets |  |  |  |
Investment in silver bullion | $ 5,989,978 | [1],[2] | $ 6,243,467 |
Silver bullion inventory |  |  | 6,243,467 | [3]
TOTAL ASSETS | 5,989,978 |  | 6,243,467 |
Current liabilities |  |  |  |
Sponsor’s fees payable | 2,581 |  | 2,720 |
Total liabilities | 2,581 |  | 2,720 |
Commitments and contingent liabilities (Note 6) |  |  |  |
Redeemable capital Shares (at redemption value) |  |  | 6,240,747 |
Shareholders’ equity (deficit) | 5,987,397 | [4] |  |
TOTAL LIABILITIES, REDEEMABLE CAPITAL SHARES AND SHAREHOLDERS’ EQUITY (DEFICIT) | $ 5,989,978 |  | $ 6,243,467 |
Shares issued and outstanding(d) (in Shares) | 364,950,000 | [5] | 332,500,000 | [5]
Net asset value per Share(e) (in Dollars per share) | $ 16.41 | [6] | $ 18.77 |
[1] | Presented at fair value at September 30, 2014 (cost: $6,823,645).
[2] | Effective January 1, 2014, the Trust qualifies as an investment company for accounting purposes. Disclosure of a schedule of investments is required for investment companies. Please refer to Note 2B.
[3] | Presented at the lower of cost or market value at December 31, 2013 (fair value: $6,243,467). Please refer to Note 2C for accounting policy.
[4] | Represents net asset value. Please refer to Note 2D.
[5] | No par value, unlimited amount authorized.
[6] | Effective January 1, 2014, the Trust qualifies as an investment company for accounting purposes. Disclosure of net asset value per Share is required for investment companies. Please refer to Note 2B.

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