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Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2013
Significant Accounting Policies [Abstract]  
Schedule Of Unrealized Gains Or Losses On The Trust's Silver Holdings

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2013

 

December 31, 2012

(Amounts in 000's of US$)

 

 

 

 

 

Investment in silver - average cost

$

491,080 

 

$

509,601 

Realized loss on investment in silver

 

(144,644)

 

 

Investment in silver - lower of cost or market value

 

346,436 

 

 

509,601 

Unrealized gain on investment in silver

 

 

 

41,879 

Investment in silver - market value

$

346,436 

 

$

551,480 

 

Schedule Of Redeemable Capital Shares

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year

 

Year

 

Year

 

Ended

 

Ended

 

Ended

 

December 31, 2013

 

December 31, 2012

 

December 31, 2011

(Amounts in 000's of US$, except for Share and per Share data)

 

 

 

 

 

 

 

 

Number of redeemable Shares

 

 

 

 

 

 

 

 

Opening balance

 

18,600,000 

 

 

19,100,000 

 

 

16,700,000 

Creations

 

900,000 

 

 

1,700,000 

 

 

8,900,000 

Redemptions

 

(1,500,000)

 

 

(2,200,000)

 

 

(6,500,000)

Closing balance

 

18,000,000 

 

 

18,600,000 

 

 

19,100,000 

 

 

 

 

 

 

 

 

 

Redeemable Shares:

 

 

 

 

 

 

 

 

Opening balance

$

551,340 

 

$

534,305 

 

$

509,311 

Creations

 

24,087 

 

 

54,303 

 

 

342,215 

Redemptions

 

(32,844)

 

 

(64,809)

 

 

(238,993)

Adjustment to redemption value

 

(196,235)

 

 

27,541 

 

 

(78,228)

Closing balance

$

346,348 

 

$

551,340 

 

$

534,305 

 

 

 

 

 

 

 

 

 

Redemption value per Share at year end

$

19.24 

 

$

29.64 

 

$

27.97 

 

Schedule Of Investment In Silver

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year

 

Year

 

Year

 

Ended

 

Ended

 

Ended

 

December 31, 2013

 

December 31, 2012

 

December 31, 2011

(Amounts in 000's of US$, except for ounces data)

 

 

 

 

 

 

 

 

Ounces of silver

 

 

 

 

 

 

 

 

Opening balance

 

18,413,374.2 

 

 

19,263,211.3 

 

 

16,432,768.8 

Creations

 

890,077.9 

 

 

1,684,899.6 

 

 

9,048,980.8 

Redemptions

 

(1,482,521.1)

 

 

(2,479,571.6)

 

 

(6,164,137.0)

Transfers of silver

 

(54,982.2)

 

 

(55,165.1)

 

 

(54,401.3)

Closing balance

 

17,765,948.8 

 

 

18,413,374.2 

 

 

19,263,211.3 

 

 

 

 

 

 

 

 

 

Investment in silver (lower of cost or market value)

 

 

 

 

 

 

 

 

Opening balance

$

509,601 

 

 

524,563 

 

$

329,357 

Creations

 

24,087 

 

 

54,303 

 

 

348,315 

Redemptions

 

(41,085)

 

 

(67,753)

 

 

(151,790)

Transfers of silver

 

(1,523)

 

 

(1,512)

 

 

(1,319)

Realized loss on investment in silver

 

(144,644)

 

 

 

 

Closing balance

$

346,436 

 

$

509,601 

 

$

524,563