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Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
EXPENSES      
Sponsor’s Fee $ 4,871,000 $ 4,592,000 $ 4,452,000
Less: Waiver (1,623,757) (1,530,574) (1,484,000)
Total expenses 3,247,000 3,061,000 2,968,000
Net investment loss (3,247,000) (3,061,000) (2,968,000)
REALIZED AND UNREALIZED GAINS / (LOSSES)      
Realized gain on silver transferred to pay expenses 252,000 50,000 593,000
Realized gain / (loss) on silver distributed for the redemption of Shares 10,651,000 (5,669,000) 14,272,000
Change in unrealized gain / (loss) on investment in silver (21,038,000) 14,959,000 (155,164,000)
Total gain / (loss) on investment in silver (10,135,000) 9,340,000 (140,299,000)
Change in net assets from operations $ (13,382,000) $ 6,279,000 $ (143,267,000)
Net increase / (decrease) in net assets per Share $ (0.28) $ 0.13 $ (3.50)
Weighted average number of Shares 48,148,767 48,728,767 40,903,425