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Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2021
Accounting Policies [Abstract]  
The categorization of the Trust’s assets

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

 

(Amounts in 000’s of US$)  June 30, 2021   December 31, 2020 
         
Level 1          
Investment in silver  $1,043,020   $863,884 
Changes in ounces of silver and their respective values

Changes in ounces of silver and their respective values for the three and six months ended June 30, 2021 and 2020 are set out below: 

 

   Three Months Ended
June 30, 2021		   Three Months Ended
June 30, 2020		 
(Amounts in 000’s of US$, except for ounces data)          
Ounces of silver          
Opening balance   36,939,582.4    24,070,487.0 
Creations   3,571,050.2    4,162,944.1 
Redemptions   —    (48,405.3)
Transfers of silver to pay expenses   (28,586.3)   (18,907.0)
Closing balance   40,482,046.3    28,166,118.8 
           
Investment in silver          
Opening balance  $886,550   $335,302 
Creations   95,196    65,385 
Redemptions   —    (730)
Realized gain / (loss) on silver distributed for the redemption of Shares   1,261    (124)
Transfers of silver to pay expenses   (748)   (292)
Realized gain / (loss) on silver transferred to pay expenses   173    (43)
Change in unrealized gain on investment in silver   60,588    103,126 
Closing balance  $1,043,020   $502,624 

  

 

   Six Months Ended
June 30, 2021		   Six Months Ended
June 30, 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   9,560,139.9    5,761,068.7 
Redemptions   (1,641,983.4)   (775,191.5)
Transfers of silver to pay expenses   (53,972.2)   (36,025.0)
Closing balance   40,482,046.3    28,166,118.8 
           
Investment in silver          
Opening balance  $863,884   $418,938 
Creations   255,640    88,342 
Redemptions   (45,079)   (13,829)
Realized gain / (loss) on silver distributed for the redemption of Shares   14,272    (235)
Transfers of silver to pay expenses   (1,422)   (601)
Realized gain / (loss) on silver transferred to pay expenses   357    (46)
Change in unrealized (loss) / gain on investment in silver   (44,632)   10,055 
Closing balance  $1,043,020   $502,624