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Statements of Operations (USD $)
 12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
EXPENSES      
Sponsor's Fee $ 2,983,221us-gaap_SponsorFees $ 3,297,191us-gaap_SponsorFees $ 2,943,626us-gaap_SponsorFees
Total expenses 2,983,000us-gaap_OperatingExpenses [1] 3,297,000us-gaap_OperatingExpenses [2] 2,944,000us-gaap_OperatingExpenses [2]
Net investment loss (2,983,000)pall_NetInvestmentGainLoss [1] (3,297,000)pall_NetInvestmentGainLoss [2] (2,944,000)pall_NetInvestmentGainLoss [2]
REALIZED AND UNREALIZED GAINS / (LOSSES)      
Realized gain on palladium transferred to pay expenses 550,000us-gaap_GainLossOnSaleOfTrustAssetsToPayExpenses [1] 387,000us-gaap_GainLossOnSaleOfTrustAssetsToPayExpenses [2] 78,000us-gaap_GainLossOnSaleOfTrustAssetsToPayExpenses [2]
Realized gain on palladium distributed for the redemption of Shares 29,111,000pall_RealizedGainLossOnBullionDistributedForRedemptionOfShares [1] 14,838,000pall_RealizedGainLossOnBullionDistributedForRedemptionOfShares [2] 616,000pall_RealizedGainLossOnBullionDistributedForRedemptionOfShares [2]
Change in unrealized gain on investment in palladium 28,269,000pall_ChangeInUnrealizedGainLossOnInvestmentInBullion [1] 0pall_ChangeInUnrealizedGainLossOnInvestmentInBullion 0pall_ChangeInUnrealizedGainLossOnInvestmentInBullion
Total gain on palladium 57,930,000pall_TotalGainLossOnBullion [1] 15,225,000pall_TotalGainLossOnBullion [2] 694,000pall_TotalGainLossOnBullion [2]
Net increase / (decrease) in net assets per Share $ 54,947,000us-gaap_NetIncomeLoss [1] $ 11,928,000us-gaap_NetIncomeLoss [1],[2],[3] $ (2,250,000)us-gaap_NetIncomeLoss [1],[2],[3]
Net (decrease) / increase in net assets per Share $ 8.66us-gaap_EarningsPerShareBasic [1] $ 1.54us-gaap_EarningsPerShareBasic [2] $ (0.29)us-gaap_EarningsPerShareBasic [2]
Weighted average number of Shares (in Shares) 6,346,438us-gaap_WeightedAverageNumberOfSharesOutstandingBasic [1] 7,721,918us-gaap_WeightedAverageNumberOfSharesOutstandingBasic [2] 7,737,568us-gaap_WeightedAverageNumberOfSharesOutstandingBasic [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 year ended December 31, 2014. Refer to Note 2.1 for additional information.