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Statement of Changes in Net Assets (USD $)
In Thousands, except Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Opening balance at DJanuary 1, 2014 (in Shares) 7,350,000us-gaap_SharesOutstanding [1]  
Creations (in Shares) 250,000us-gaap_StockIssuedDuringPeriodSharesNewIssues [1] 2,000,000us-gaap_StockIssuedDuringPeriodSharesNewIssues
Redemptions (in Shares) (2,450,000)us-gaap_StockRedeemedOrCalledDuringPeriodShares [1] (1,900,000)us-gaap_StockRedeemedOrCalledDuringPeriodShares
Closing balance at December 31, 2014 (in Shares) 5,150,000us-gaap_SharesOutstanding [1] 7,350,000us-gaap_SharesOutstanding [1]
Opening balance at January 1, 2014 $ 463,337us-gaap_StockholdersEquity [1],[2]  
Net investment loss (2,983)pall_NetInvestmentGainLoss [1] (3,297)pall_NetInvestmentGainLoss [3]
Realized gain on investment in palladium 29,661us-gaap_RealizedInvestmentGainsLosses [1]  
Change in unrealized gain on investment in palladium 28,269pall_ChangeInUnrealizedGainLossOnInvestmentInBullion [1] 0pall_ChangeInUnrealizedGainLossOnInvestmentInBullion
Change in unrealized gain on unsettled creations or redemptions 190pall_ChangeInUnrealizedGainOnUnsettledCreationsOrRedemptions [1]  
Creations 19,757us-gaap_StockIssuedDuringPeriodValueNewIssues [1] 140,584us-gaap_StockIssuedDuringPeriodValueNewIssues
Redemptions (186,274)us-gaap_StockRedeemedOrCalledDuringPeriodValue [1] (133,958)us-gaap_StockRedeemedOrCalledDuringPeriodValue
Closing balance at December 31, 2014 398,834us-gaap_StockholdersEquity [1] 463,337us-gaap_StockholdersEquity [1],[2]
Adjustments for Change to Fair Value [Member]    
Closing balance at December 31, 2014   $ 46,877us-gaap_StockholdersEquity
/ us-gaap_AdjustmentsForChangeInAccountingPrincipleAxis
= pall_AdjustmentsForChangeToFairValueMember		 [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] 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.
[3] Amounts are those previously reported under non-investment company accounting.  Refer to Note 2.1 for additional information.