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Statement of Changes in Net Assets (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2014
Jun. 30, 2014
Dec. 31, 2013
Opening balance at December 31, 2013 (in Shares)   7,350,000 [1]  
Creations (in Shares)   200,000 [1] 2,000,000
Redemptions (in Shares)   (1,100,000) [1] (1,900,000)
Closing balance at June 30, 2014 (in Shares) 6,450,000 [1] 6,450,000 [1] 7,350,000 [1]
Opening balance at December 31, 2013   $ 463,337 [1],[2],[3]  
Net investment loss (771) [1] (1,525) [1]  
Realized gain on investment in palladium   10,960 [1]  
Change in unrealized gain on investment in palladium 38,583 [1] 74,875 [1] 0
Creations   15,458 [1] 140,584
Redemptions   (80,072) [1] (133,958)
Closing balance at June 30, 2014 529,910 [1],[2] 529,910 [1],[2] 463,337 [1],[2],[3]
Adjustments for Change to Fair Value [Member]
      
Closing balance at June 30, 2014     $ 46,877 [1]
[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] Net assets at December 31, 2013 represents total liabilities, redeemable Shares and shareholders’ deficit. Authorized share capital is unlimited with no par value per Share. Shares issued and outstanding at June 30, 2014 were 6,450,000 and at December 31, 2013 were 7,350,000. Net asset value per Share at June 30, 2014 and December 31, 2013 was $82.16 and $69.42, respectively.
[3] Derived from audited Statement of Financial Condition as of December 31, 2013. The amounts are those previously reported under non investment company accounting. Refer to Note 2.1 for additional information.