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Note 2 - Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2020

Notes Tables

Activity in Silver Bullion [Table Text Block]

Three Months Ended September 30, 2020		Ounces				Cost				Fair Value				Realized Gain (Loss)
Beginning balance			498,007,498			$	8,374,199,813			$	8,886,943,805			$	—
Silver bullion contributed			130,002,203				2,950,693,999				2,950,693,999				—
Silver bullion distributed			(78,292,675	)			(1,389,180,769	)			(2,035,281,500	)			646,100,731
Silver bullion sold to pay expenses			(600,508	)			(10,432,181	)			(14,444,111	)			4,011,930
Net realized gain			—				—				650,112,661				—
Net change in unrealized appreciation/depreciation			—				—				2,589,764,531				—
Ending balance			549,116,518			$	9,925,280,862			$	13,027,789,385			$	650,112,661

Three Months Ended September 30, 2019		Ounces				Cost				Fair Value				Realized Gain (Loss)
Beginning balance			323,330,613			$	5,667,962,993			$	4,921,091,926			$	—
Silver bullion contributed			76,785,902				1,274,150,418				1,274,150,418				—
Silver bullion distributed			(16,043,945	)			(278,104,316	)			(287,948,518	)			9,844,202
Silver bullion sold to pay expenses			(416,200	)			(7,238,618	)			(6,927,348	)			(311,270	)
Net realized gain			—				—				9,532,932				—
Net change in unrealized appreciation/depreciation			—				—				710,091,263				—
Ending balance			383,656,370			$	6,656,770,477			$	6,619,990,673			$	9,532,932

Nine Months Ended September 30, 2020		Ounces				Cost				Fair Value				Realized Gain (Loss)
Beginning balance			362,616,711			$	6,294,157,046			$	6,543,418,555			$	—
Silver bullion contributed			310,430,109				5,803,042,212				5,803,042,212				—
Silver bullion distributed			(122,374,620	)			(2,145,174,201	)			(2,771,069,953	)			625,895,752
Silver bullion sold to pay expenses			(1,555,682	)			(26,744,195	)			(30,247,526	)			3,503,331
Net realized gain			—				—				629,399,083				—
Net change in unrealized appreciation/depreciation			—				—				2,853,247,014				—
Ending balance			549,116,518			$	9,925,280,862			$	13,027,789,385			$	629,399,083

Nine Months Ended September 30, 2019		Ounces				Cost				Fair Value				Realized Gain (Loss)
Beginning balance			317,233,610			$	5,641,558,156			$	4,906,017,787			$	—
Silver bullion contributed			108,791,946				1,759,987,439				1,759,987,439				—
Silver bullion distributed			(41,179,997	)			(723,851,160	)			(675,060,719	)			(48,790,441	)
Silver bullion sold to pay expenses			(1,189,189	)			(20,923,958	)			(18,730,817	)			(2,193,141	)
Net realized gain			—				—				(50,983,582	)			—
Net change in unrealized appreciation/depreciation			—				—				698,760,565				—
Ending balance			383,656,370			$	6,656,770,477			$	6,619,990,673			$	(50,983,582	)