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Statements of Assets and Liabilities - USD ($)
Mar. 31, 2016
Dec. 31, 2015
ASSETS    
Investment in silver (cost: March 31, 2016: $347,191; December 31, 2015: $346,742) $ 277,431,000 $ 248,122,000
Total assets 277,431,000 248,122,000
LIABILITIES    
Fees payable to Sponsor 69,899 63,486
Total liabilities 70,000 63,000
Net assets [1] $ 277,361,000 $ 248,059,000
[1] Authorized share capital is unlimited with no par value per Share. Shares issued and outstanding at March 31, 2016 were 18,400,000 and at December 31, 2015 were 18,300,000. Net asset values per Share at March 31, 2016 and December 31, 2015 were $15.07 and $13.56, respectively.