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Statements of Operations (USD $)
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
EXPENSES    
Sponsor's Fee $ 753,558 $ 821,098
Total expenses 754,000 [1] 821,000 [2]
Net investment loss (754,000) [1] (821,000) [2]
REALIZED AND UNREALIZED GAINS / (LOSSES)    
Realized gain on palladium transferred to pay expenses 82,000 [1] 97,000 [2]
Realized gain on palladium distributed for the redemption of Shares 7,995,000 [1] 632,000 [2]
Change in unrealized gain on investment in palladium 36,292,000 [1] 0 [2]
Total gain on palladium 44,369,000 [1] 729,000 [2]
Change in net assets from operations $ 43,615,000 [1] $ (92,000) [2],[3]
Net increase / (decrease) in net assets per Share $ 6.26 [1] $ (0.01) [2]
Weighted average number of Shares (in Shares) 6,966,111 [1] 7,582,222 [2]
[1] Effective January 1, 2014, the Trust has adopted the provisions of Topic 946, Investment Companies, and follows specialized accounting. Refer to Note 2.1 for additional information.
[2] Amounts are those previously reported under non investment company accounting. Refer to Note 2.1 for additional information.
[3] In accordance with Topic 946, Investment Companies, the Trust meets the exemption criteria to exclude a statement of cash flows. Thus one has not been presented for the period ended March 31, 2014. Refer to Note 2.1 for additional information.