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Note 2 - Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2016

Notes Tables

Activity in Silver Bullion [Table Text Block]

Three Months Ended September 30, 2016		Ounces				Average Cost				Fair Value				Realized Gain (Loss)
Beginning balance			333,544.9			$	6,140,793			$	6,123,884			$	—
Silver bullion contributed			34,913.2				684,685				684,685				—
Silver bullion distributed			(5,697.0	)			(105,503	)			(109,479	)			3,976
Silver bullion sold to pay expenses			(421.0	)			(7,779	)			(8,186	)			407
Net realized gain			—				—				4,383				—
Net change in unrealized appreciation/depreciation			—				—				315,993				—
Ending balance			362,340.1			$	6,712,196			$	7,011,280			$	4,383

Three Months Ended September 30, 2015		Ounces				Average Cost				Fair Value				Realized Gain (Loss)
Beginning balance			325,342.6			$	6,217,768			$	5,107,880			$	—
Silver bullion contributed			5,728.5				85,929				85,929				—
Silver bullion distributed			(12,120.9	)			(231,025	)			(179,177	)			(51,848	)
Silver bullion sold to pay expenses			(420.6	)			(8,025	)			(6,312	)			(1,713	)
Net realized loss			—				—				(53,561	)			—
Net change in unrealized appreciation/depreciation			—				—				(288,300	)			—
Ending balance			318,529.6			$	6,064,647			$	4,666,459			$	(53,561	)

Nine Months Ended September 30, 2016		Ounces				Average Cost				Fair Value				Realized Gain (Loss)
Beginning balance			317,934.9			$	5,979,252			$	4,393,861			$	—
Silver bullion contributed			82,870.3				1,446,755				1,446,755				—
Silver bullion distributed			(37,237.2	)			(691,007	)			(619,584	)			(71,423	)
Silver bullion sold to pay expenses			(1,227.9	)			(22,804	)			(20,576	)			(2,228	)
Net realized loss			—				—				(73,651	)			—
Net change in unrealized appreciation/depreciation			—				—				1,884,475				—
Ending balance			362,340.1			$	6,712,196			$	7,011,280			$	(73,651	)

Nine Months Ended September 30, 2015		Ounces				Average Cost				Fair Value				Realized Gain (Loss)
Beginning balance			329,564.2			$	6,386,750			$	5,263,140			$	—
Silver bullion contributed			41,154.0				664,967				664,967				—
Silver bullion distributed			(50,950.4	)			(963,268	)			(825,652	)			(137,616	)
Silver bullion sold to pay expenses			(1,238.2	)			(23,802	)			(19,777	)			(4,025	)
Net realized loss			—				—				(141,641	)			—
Net change in unrealized appreciation/depreciation			—				—				(274,578	)			—
Ending balance			318,529.6			$	6,064,647			$	4,666,459			$	(141,641	)