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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.