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Condensed Statements of Cash Flows (USD $)
 3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
INCREASE / (DECREASE) IN CASH FROM OPERATIONS:        
Cash proceeds received from transfer of palladium $ 0 $ 0 $ 0 $ 0
Cash expenses paid 0 0 0 0
Increase in cash resulting from operations 0 0 0 0
Cash and cash equivalents at beginning of period 0 0 0 0
Cash and cash equivalents at end of period 0 0 0 0
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES:        
Value of palladium received for creation of Shares 53,618,658 142,403,548 175,361,249 381,041,201
Value of palladium distributed for redemption of Shares - at average cost 61,473,981 9,193,432 176,566,990 9,193,432
RECONCILIATION OF NET GAIN / (LOSS) TO NET CASH PROVIDED BY OPERATING ACTIVITIES:        
Net gain / (loss) from operations 15,163,894 (14,153,484) 51,912,457 (14,413,789)
Adjustments to reconcile net gain / (loss) to net cash provided by operating activities:        
Decrease / (increase) in palladium assets 8,794,854 (117,971,798) 3,094,636 (356,470,691)
Decrease in palladium receivable 0 0 23,590,861 0
Increase in palladium payable 0 11,118,058 0 11,118,058
(Decrease) / increase in amounts payable to Sponsor (48,056) 59,651 (61,885) 181,196
Increase / (decrease) in redeemable Shares:        
Creations 53,618,658 142,403,548 151,770,387 381,041,201
Redemptions (77,529,350) (21,455,975) (230,306,456) (21,455,975)
Net cash provided by operating activities 0 0 0 0
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES:        
Value of palladium transferred to pay expenses $ 1,212,552 $ 473,037 $ 2,556,584 $ 608,514