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Significant Accounting Policies (Tables)
 3 Months Ended
Mar. 31, 2021
Accounting Policies [Abstract]  
The categorization of the Trust’s assets is as shown below:

The categorization of the Trust’s assets is as shown below:

 

(Amounts in 000's of US$)  March 31, 2021    December 31, 2020  
       
Level 1          
Investment in silver  $886,550   $863,884 
Changes in ounces of silver and their respective values for the three months ended March 31, 2021 and 2020 are set out below:

Changes in ounces of silver and their respective values for the three months ended March 31, 2021 and 2020 are set out below:

 

  

Three Months Ended
March 31, 2021 

   

Three Months Ended
March 31, 2020 

  
(Amounts in 000's of US$, except for ounces data)          
Ounces of silver          
Opening balance   32,617,862.0    23,216,266.6 
Creations   5,989,089.7    1,598,124.6 
Redemptions   (1,641,982.4)   (726,786.2)
Transfers of silver to pay expenses   (25,386.9)   (17,118.0)
Closing balance   36,939,582.4    24,070,487.0 
           
Investment in silver          
Opening balance  $863,884   $418,938 
Creations   160,444    22,956 
Redemptions   (45,079)   (13,099)
Realized gain / (loss) on silver distributed for the redemption of Shares   13,011    (112)
Transfers of silver to pay expenses   (674)   (307)
Realized gain / (loss) on silver transferred to pay expenses   184    (3)
Change in unrealized (loss) on investment in silver   (105,220)   (93,071)
Closing balance  $886,550   $335,302