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Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
EXPENSES      
Sponsor's Fee $ 1,777,708 $ 2,983,221 $ 3,297,191
Total expenses 1,778,000 2,983,000 [1] 3,297,000 [1]
Net investment loss (1,778,000) [2] (2,983,000) [1],[2] (3,297,000) [1]
REALIZED AND UNREALIZED GAINS / (LOSSES)      
Realized gain on palladium transferred to pay expenses 183,000 550,000 [1] 387,000 [1]
Realized gain on palladium distributed for the redemption of Shares 5,055,000 29,111,000 [1] 14,838,000 [1]
Change in unrealized (loss) / gain on investment in palladium [2] (109,035,000) 28,269,000 [1]  
Total (loss) / gain on palladium (103,797,000) 57,930,000 [1] 15,225,000 [1]
Change in net assets from operations $ (105,575,000) $ 54,947,000 [1] $ 11,928,000 [1],[2],[3]
Net (decrease) / increase in net assets per Share $ (24.27) $ 8.66 [1] $ 1.54 [1]
Weighted average number of Shares (in Shares) 4,350,137 [2] 6,346,438 [1],[2] 7,721,918 [1]
[1] Represents audited amounts prior to the adoption of provisions for an investment company for accounting purposes. Refer to Note 2.1 for additional information.
[2] Effective January 1, 2014, the Trust has adopted the provisions of Topic 946. Refer to Note 2.1 for additional information.
[3] In accordance with Topic 946 the Trust meets the exemption criteria to exclude a statement of cash flows. Thus one has not been presented for the years ended December 31, 2015 and 2014. Refer to Note 2.1 for additional information.