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Statements of cash flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities    
Net income (loss) for the year $ 1,008,043 $ 419,468
Adjustments to reconcile net income (loss) for the year to net cash from operating activities    
Net realized (gains) losses on redemptions and sales of gold and silver bullion (759) 16,398
Change in unrealized (gains) losses on gold and silver bullion (1,026,156) (455,536)
Net changes in operating assets and liabilities    
Increase (decrease) in accounts payable (1,032) (358)
Net cash provided by (used in) operating activities (19,904) (20,028)
Cash flows from investing activities    
Purchases of gold and silver bullion (440,262)  
Sales of gold and silver bullion 5,043 23,265
Net cash provided by (used in) investing activities (435,219) 23,265
Cash flows from financing activities    
Proceeds from issuance of Units (note 7) 458,997  
Payments on redemption of Units (note 7) (534) (2,163)
Underwriting commissions and issue expenses (3,193)  
Net cash provided by (used in) financing activities 455,270 (2,163)
Net increase (decrease) in cash during the year 147 1,074
Cash at beginning of the year 1,253 179
Cash at end of the year $ 1,400 $ 1,253