XML 28 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Statements of Operations (USD $)
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
REVENUES      
Value of silver transferred to pay expenses $ 1,360,000 $ 1,708,000 $ 1,929,000
Cost of silver transferred to pay expenses (1,523,000) (1,512,000) (1,319,000)
(Loss) / gain on silver transferred to pay expenses (163,000) 196,000 610,000
(Loss) / gain on silver distributed for the redemption of Shares (8,241,000) 5,448,000 78,822,000
Realized loss on investment in silver (144,644,000) 0 0
Total (loss) / gain on silver (153,048,000) 5,644,000 79,432,000
EXPENSES      
Sponsor’s Fee, net of waiver (Note 2.7) 1,308,257 1,707,955 1,955,837
Total expenses 1,308,000 1,708,000 1,956,000
Net (loss) / gain from operations $ (154,356,000) $ 3,936,000 $ 77,476,000
Net (loss) / gain per Share (in Dollars per share) $ (8.36) $ 0.21 $ 4.18
Weighted average number of Shares (in Shares) 18,464,658 18,425,410 18,526,027