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Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2022
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:

 

   December 31, 2022   December 31, 2021 
(Amounts in 000’s of US$)        
Level 1          
Investment in palladium  $295,638   $358,161 
Changes in ounces of palladium and their respective values for the years ended December 31, 2022 and 2021 are set out below:

Changes in ounces of palladium and their respective values for the years ended December 31, 2022 and 2021 are set out below:

 

   Year Ended
December 31, 2022		   Year Ended
December 31, 2021		 
(Amounts in 000’s of US$, except for ounces data)          
Ounces of palladium          
Opening balance   181,531.1    152,187.5 
Creations   58,004.8    83,977.6 
Redemptions   (71,914.8)   (53,626.6)
Transfers of palladium to pay expenses   (1,064.7)   (1,007.4)
Closing balance   166,556.4    181,531.1 
           
Investment in palladium          
Opening balance  $358,161   $356,424 
Creations   145,623    205,730 
Redemptions   (147,622)   (131,079)
Realized gain on palladium distributed for the redemption of Shares   3,889    37,317 
Transfers of palladium to pay expenses   (2,270)   (2,443)
Realized gain on palladium transferred to pay expenses   155    743 
Change in unrealized (loss) on investment in palladium   (62,298)   (108,531)
Closing balance  $295,638   $358,161