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Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2024

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, 2024				December 31, 2023
Level 1
Investment in silver		$	1,414,591			$	1,060,674

Changes in ounces of silver and their respective values for the years ended December 31, 2024 and 2023 are set out below:

Changes in ounces of silver and their respective values for the years ended December 31, 2024 and 2023 are set out below:

		Year Ended December 31, 2024				Year Ended December 31, 2023
(Amounts in 000’s of US$, except for ounces data)
Ounces of silver
Opening balance			44,584,861.0				46,496,067.9
Creations			11,798,793.7				4,942,045.2
Redemptions			(7,307,064.1	)			(6,714,197.2	)
Transfers of silver to pay expenses			(137,244.2	)			(139,054.9	)
Closing balance			48,939,346.4				44,584,861.0
Investment in silver
Opening balance		$	1,060,674			$	1,113,348
Creations			357,817				116,454
Redemptions			(219,235	)			(155,737	)
Realized gain on silver distributed for the redemption of Shares			50,350				10,651
Transfers of silver to pay expenses			(3,828	)			(3,256	)
Realized gain on silver transferred to pay expenses			812				252
Change in unrealized (loss) on investment in silver			168,001				(21,038	)
Closing balance		$	1,414,591			$	1,060,674

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- Definition

Tabular disclosure of movement in the investment in bullion in the Trust.

+ References

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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