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Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2017
Significant Accounting Policies [Abstract]  
Categorization Of The Trust's Assets



 

 

 

 

 

 



 

 

 

 

 

 

(Amounts in 000's of US$)

 

December 31, 2017

 

December 31, 2016



 

 

 

 

 

 

Level 2

 

 

 

 

 

 

Investment in silver

 

$

351,140 

 

$

311,346 



Schedule Of Investment In Silver



 

 

 

 

 

 



 

 

 

 

 

 



 

Year

 

Year



 

Ended

 

Ended

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

 

December 31, 2017

 

December 31, 2016

Ounces of silver

 

 

 

 

 

 

Opening balance

 

 

19,171,529.7 

 

 

17,953,851.0 

Creations

 

 

3,027,876.1 

 

 

1,958,468.7 

Redemptions

 

 

(1,318,192.7)

 

 

(685,202.5)

Transfers of silver to pay expenses

 

 

(60,558.7)

 

 

(55,587.5)

Closing balance

 

 

20,820,654.4 

 

 

19,171,529.7 



 

 

 

 

 

 

Investment in silver

 

 

 

 

 

 

Opening balance

 

$

311,346 

 

$

248,122 

Creations

 

 

50,050 

 

 

35,054 

Redemptions

 

 

(22,486)

 

 

(11,200)

Realized loss on silver distributed for the redemption of Shares

 

 

(2,476)

 

 

(1,974)

Transfers of silver to pay expenses

 

 

(1,030)

 

 

(941)

Realized loss on silver transferred to pay expenses

 

 

(120)

 

 

(127)

Change in unrealized gain on investment in silver

 

 

15,856 

 

 

42,412 

Closing balance

 

$

351,140 

 

$

311,346