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Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
INCREASE IN CASH FROM OPERATIONS:      
Cash proceeds received from transfer of palladium   $ 0us-gaap_ProceedsFromCustomers [1] $ 0us-gaap_ProceedsFromCustomers [1]
Cash expenses paid   0us-gaap_PaymentsForOperatingActivities [1] 0us-gaap_PaymentsForOperatingActivities [1]
Increase in cash resulting from operations   0us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease [1] 0us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease [1]
Cash and cash equivalents at beginning of year 0us-gaap_CashAndCashEquivalentsAtCarryingValue [1] 0us-gaap_CashAndCashEquivalentsAtCarryingValue [1] 0us-gaap_CashAndCashEquivalentsAtCarryingValue [1]
Cash and cash equivalents at end of year   0us-gaap_CashAndCashEquivalentsAtCarryingValue [1] 0us-gaap_CashAndCashEquivalentsAtCarryingValue [1]
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES:      
Value of palladium received for creation of Shares 19,757pall_CreationsValueOfBullion 140,584pall_CreationsValueOfBullion [1] 194,997pall_CreationsValueOfBullion [1]
Value of palladium distributed for redemption of Shares - at cost   119,120pall_ValueOfBullionDistributedForRedemptionOfShares [1] 98,236pall_ValueOfBullionDistributedForRedemptionOfShares [1]
RECONCILIATION OF CHANGE IN NET ASSETS FROM OPERATIONS TO NET CASH PROVIDED BY OPERATING ACTIVITIES:      
Change in net assets from operations 54,947us-gaap_NetIncomeLoss [2] 11,928us-gaap_NetIncomeLoss [1],[2],[3] (2,250)us-gaap_NetIncomeLoss [1],[2],[3]
Adjustments to reconcile change in net assets from operations to net cash provided by operating activities:      
Iincrease in investment in palladium   (18,560)pall_IncreaseDecreaseInBullionAssets [1] (93,955)pall_IncreaseDecreaseInBullionAssets [1]
Increase in fees payable to Sponsor   6us-gaap_IncreaseDecreaseInAccountsPayableRelatedParties [1] 60us-gaap_IncreaseDecreaseInAccountsPayableRelatedParties [1]
Increase / (decrease) in redeemable Shares:      
Creations   140,584us-gaap_ProceedsFromIssuanceOfCommonStock [1] 194,997us-gaap_ProceedsFromIssuanceOfCommonStock [1]
Redemptions   (133,958)us-gaap_PaymentsForRepurchaseOfCommonStock [1] (98,852)us-gaap_PaymentsForRepurchaseOfCommonStock [1]
Net cash provided by operating activities   0us-gaap_NetCashProvidedByUsedInOperatingActivities [1] 0us-gaap_NetCashProvidedByUsedInOperatingActivities [1]
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES:      
Value of palladium transferred to pay expenses   $ 3,291pall_ValueOfBullionTransferredToPayExpenses [1] $ 2,884pall_ValueOfBullionTransferredToPayExpenses [1]
[1] 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.
[2] 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.
[3] Amounts are those previously reported under non-investment company accounting.  Refer to Note 2.1 for additional information.