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Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2020
Accounting Policies [Abstract]  
The categorization of the Trust’s assets is as shown below:

The categorization of the Trust’s assets is as shown below:

 

(Amounts in 000’s of US$)  December 31, 2020  December 31, 2019
       
Level 1          
Investment in palladium  $356,424   $300,638 
Changes in ounces of palladium and their respective values for the years ended December 31, 2020 and 2019 are set out below:

Changes in ounces of palladium and their respective values for the years ended December 31, 2020 and 2019 are set out below:

 

   Year Ended
December 31, 2020		  Year Ended
December 31, 2019
(Amounts in 000’s of US$, except for ounces data)          
Ounces of palladium          
Opening balance   157,815.0    146,915.9 
Creations   70,459.8    70,851.3 
Redemptions   (75,173.5)   (59,056.9)
Transfers of palladium to pay expenses   (913.8)   (895.3)
Closing balance   152,187.5    157,815.0 
           
Investment in palladium          
Opening balance  $300,638   $185,555 
Creations   150,950    112,464 
Redemptions   (155,805)   (86,192)
Realized gain on palladium distributed for the redemption of Shares   60,188    32,233 
Transfers of palladium to pay expenses   (1,980)   (1,329)
Realized gain on palladium transferred to pay expenses   773    520 
Change in unrealized gain on investment in palladium   1,660    57,387 
Closing balance  $356,424   $300,638