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Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
EXPENSES      
Sponsor’s Fee $ 5,885,000 $ 4,871,000 $ 4,592,000
Less: Waiver (1,961,810) (1,623,757) (1,530,574)
Total expenses 3,923,000 3,247,000 3,061,000
Net investment loss (3,923,000) (3,247,000) (3,061,000)
REALIZED AND UNREALIZED GAINS / (LOSSES)      
Realized gain on silver transferred to pay expenses 812,000 252,000 50,000
Realized gain / (loss) on silver distributed for the redemption of Shares 50,350,000 10,651,000 (5,669,000)
Change in unrealized gain / (loss) on investment in silver 168,001,000 (21,038,000) 14,959,000
Total gain / (loss) on investment in silver 219,163,000 (10,135,000) 9,340,000
Change in net assets from operations $ 215,240,000 $ (13,382,000) $ 6,279,000
Net increase / (decrease) in net assets per Share $ 4.46 $ (0.28) $ 0.13
Weighted average number of Shares 48,234,290 48,148,767 48,728,767