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Condensed Statements of Operations (USD $)
 3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
REVENUES        
Value of palladium transferred to pay expenses $ 1,212,552 $ 473,037 $ 2,556,584 $ 608,514
Cost of palladium transferred to pay expenses (939,529) (435,720) (1,888,895) (574,039)
Gain on palladium transferred to pay expenses 273,023 37,317 667,689 34,475
Gain on palladium distributed for the redemption of Shares 16,055,365 1,144,602 53,739,463 1,144,602
Unrealized loss on palladium 0 (14,802,112) 0 (14,802,112)
Total gain / (loss) on palladium 16,328,388 (13,620,193) 54,407,152 (13,623,035)
EXPENSES        
Sponsor’s Fee (Note 2.7) 1,164,494 533,291 2,494,695 790,754
Total expenses 1,164,494 533,291 2,494,695 790,754
Net gain / (loss) from operations $ 15,163,894 $ (14,153,484) $ 51,912,457 $ (14,413,789)
Net gain / (loss) per Share (in Dollars per share) $ 1.47 $ (1.96) $ 4.78 $ (2.59)
Weighted average number of Shares (in Shares) 10,341,758 7,226,923 10,854,144 5,560,497