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Income Statements - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenue      
Proceeds from sales of silver bullion inventory to pay expenses     $ 41,406
Cost of silver bullion inventory sold to pay expenses     (43,296)
Loss on sales of silver bullion inventory to pay expenses     (1,890)
Loss on silver bullion distributed for the redemption of Shares     (131,814)
Total loss on sales and distributions of silver bullion     (133,704)
Adjustment to silver bullion inventory [1]     (1,781,266)
Total loss on silver bullion     (1,914,970)
Expenses      
Sponsor’s fees $ 25,295 [2] $ 31,579 [2] 39,818
Total expenses 25,295 [2] 31,579 [2] 39,818
Net investment loss(b) [2],[3] (25,295) (31,579)  
Net Realized and Unrealized Gain (Loss)      
Net realized loss from silver bullion sold to pay expenses [2] (5,703) (1,056)  
Net realized loss from silver bullion distributed for the redemption of Shares (206,453) [2] (77,394) [2] (131,814)
Net realized loss [2] (212,156) (78,450)  
Net change in unrealized appreciation/depreciation on investment in silver bullion [2] (461,781) (1,123,610)  
Net realized and unrealized loss [2] (673,937) (1,202,060)  
NET LOSS $ (699,232) [2] $ (1,233,639) [2] $ (1,954,788) [4]
Net loss per Share (in Dollars per share) $ (2.07) [2] $ (3.57) [2] $ (5.65)
Weighted-average Shares outstanding (in Shares) 337,569,863 [2] 345,726,575 [2] 345,697,260
[1] At December 31, 2013, the market value of the silver bullion was below the average cost of the Trust's silver bullion inventory held. As a result, theTrust recorded a permanent write down against the average cost of the silver bullion inventory of $1,781,266.
[2] Effective January 1, 2014, the Trust qualified as an investment company for accounting purposes. Please refer to Note 2B.
[3] Net investment income (loss) is applicable to investment companies. Please refer to Note 2B.
[4] The components of net loss for the years ended December 31, 2015 and 2014 are reflected in the other captions disclosed within this statement.