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Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
EXPENSES        
Sponsor's Fee $ 383,000 $ 353,000 $ 767,000 $ 650,000
Less: Waiver of Sponsor's Fee (Note 2.7) (127,827) (117,546) (255,721) (216,517)
Total expenses 255,000 235,000 511,000 433,000
Net investment loss (255,000) (235,000) (511,000) (433,000)
REALIZED AND UNREALIZED GAINS / (LOSSES)        
Realized loss on silver transferred to pay expenses (24,000) (41,000) (55,000) (108,000)
Realized loss on silver distributed for the redemption of Shares (344,000) 0 (914,000) (779,000)
Change in unrealized (loss) / gain on investment in silver (31,284,000) 54,399,000 5,302,000 83,259,000
Total (loss) / gain on investment in silver (31,652,000) 54,358,000 4,333,000 82,372,000
Change in net assets from operations $ (31,907,000) $ 54,123,000 $ 3,822,000 $ 81,939,000
Net (decrease) / increase in net assets per Share $ (1.55) $ 2.90 $ 0.19 $ 4.44
Weighted average number of Shares (in Shares) 20,643,956 18,685,714 20,391,713 18,457,692