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Statements of Operations (USD $)
 3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
EXPENSES        
Sponsor's Fee $ 788,041 $ 887,982 $ 2,312,951 $ 2,514,032
Total expenses 788,000 [1] 888,000 [2] 2,313,000 [1] 2,514,000 [2]
Net investment loss (788,000) [1] (888,000) [2] (2,313,000) [1] (2,514,000) [2]
REALIZED AND UNREALIZED GAINS / (LOSSES)        
Realized gain on palladium transferred to pay expenses 198,000 [1] 97,000 [2] 422,000 [1] 298,000 [2]
Realized gain on palladium distributed for the redemption of Shares 9,651,000 [1] 3,603,000 [2] 20,388,000 [1] 9,789,000 [2]
Change in unrealized (loss) / gain on investment in palladium (50,569,000) [1] 0 [2] 24,305,000 [1] 0 [2]
Total (loss) / gain on palladium (40,720,000) [1] 3,700,000 [2] 45,115,000 [1] 10,087,000 [2]
Change in net assets from operations $ (41,508,000) [1] $ 2,812,000 [2],[3] $ 42,802,000 [1] $ 7,573,000 [2],[3]
Net (decrease) / increase in net assets per Share $ (6.52) [1] $ 0.35 [2] $ 6.49 [1] $ 0.96 [2]
Weighted average number of Shares (in Shares) 6,362,500 [1] 7,964,674 [2] 6,591,941 [1] 7,850,000 [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 nine months ended September 30, 2014. Refer to Note 2.1 for additional information.