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Statements of Operations (USD $)
 3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
EXPENSES        
Sponsor's Fee $ 771,352 $ 804,952 $ 1,524,910 $ 1,626,050
Total expenses 771,000 [1] 805,000 [2] 1,525,000 [1] 1,626,000 [2]
Net investment loss (771,000) [1] (805,000) [2] (1,525,000) [1] (1,626,000) [2]
REALIZED AND UNREALIZED GAINS / (LOSSES)        
Realized gain on palladium transferred to pay expenses 141,000 [1] 105,000 [2] 223,000 [1] 201,000 [2]
Realized gain on palladium distributed for the redemption of Shares 2,742,000 [1] 5,554,000 [2] 10,737,000 [1] 6,186,000 [2]
Change in unrealized gain / (loss) on investment in palladium 38,583,000 [1] 0 [2] 74,875,000 [1] 0 [2]
Total gain / (loss) on palladium 41,466,000 [1] 5,659,000 [2] 85,835,000 [1] 6,387,000 [2]
Change in net assets from operations $ 40,695,000 [1] $ 4,854,000 [2],[3] $ 84,310,000 [1] $ 4,761,000 [2],[3]
Net increase in net assets per Share $ 6.31 [1] $ 0.61 [2] $ 12.57 [1] $ 0.61 [2]
Weighted average number of Shares (in Shares) 6,453,846 [1] 7,998,901 [2] 6,708,564 [1] 7,791,713 [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 three and six months ended June 30, 2014. Refer to Note 2.1 for additional information.