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Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2023
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$)  December 31, 2023   December 31, 2022 
           
Level 1          
Investment in silver  $1,060,674   $1,113,348 
Changes in ounces of silver and their respective values for the years ended December 31, 2023 and 2022 are set out below:

Changes in ounces of silver and their respective values for the years ended December 31, 2023 and 2022 are set out below:

 

   Year
Ended
December 31, 2023		   Year
Ended
December 31, 2022		 
(Amounts in 000’s of US$, except for ounces data)          
Ounces of silver          
Opening balance   46,496,067.9    43,119,101.1 
Creations   4,942,045.2    14,335,520.8 
Redemptions   (6,714,197.2)   (10,818,520.9)
Transfers of silver to pay expenses   (139,054.9)   (140,033.1)
Closing balance   44,584,861.0    46,496,067.9 
           
Investment in silver          
Opening balance  $1,113,348   $995,405 
Creations   116,454    338,475 
Redemptions   (155,737)   (226,838)
Realized gain / (loss) on silver distributed for the redemption of Shares   10,651    (5,669)
Transfers of silver to pay expenses   (3,256)   (3,034)
Realized gain on silver transferred to pay expenses   252    50 
Change in unrealized (loss) / gain on investment in silver   (21,038)   14,959 
Closing balance  $1,060,674   $1,113,348