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Condensed Statements of Cash Flows (USD $)
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Dec. 31, 2011
INCREASE 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 0
Cash and cash equivalents at end of period 0 0 0 0 0
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES:          
Value of palladium received for creation of Shares - net of silver receivable 18,765,221 15,395,978 191,567,619 190,757,227 190,757,226
Value of palladium distributed for redemption of Shares - at average cost - net of silver payable 39,923,986 141,749,879 46,071,997 318,316,868 433,431,257
RECONCILIATION OF NET GAIN / (LOSS) TO NET CASH PROVIDED BY OPERATING ACTIVITIES:          
Net gain / (loss) from operations 37,075,604 30,814,492 (2,288,907) 82,726,949  
Adjustments to reconcile net gain / (loss) to net cash provided by operating activities:          
(Increase) / decrease in palladium assets (15,922,044) 127,238,467 (143,407,804) 130,333,103  
Decrease in palladium receivable 0 0 0 23,590,861  
(Decrease) / increase in palladium payable (11,389,069) 9,114,828 0 9,114,828  
Increase / (decrease) in fees payable to Sponsor 22,343 (110,441) 63,362 (172,327)  
Increase / (decrease) in redeemable Shares:          
Creations 18,765,221 15,395,978 191,567,625 167,166,366  
Redemptions (28,552,055) (182,453,324) (45,934,276) (412,759,780)  
Net cash provided by operating activities 0 0 0 0  
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES:          
Value of palladium transferred to pay expenses $ 733,365 $ 1,148,249 $ 2,147,650 $ 3,704,833