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Statements of Changes in Net Assets - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Statement of Stockholders' Equity [Abstract]      
Opening balance (in shares) 1,950,000 1,625,000 1,675,000
Opening balance $ 357,971 $ 356,238 $ 300,485
Net investment loss (2,227) (2,447) (2,013)
Realized gain on investment in palladium 4,044 38,060 60,961
Change in unrealized (loss)/gain on investment in palladium $ (62,298) $ (108,531) $ 1,660
Creations (in shares) 625,000 900,000 750,000
Creations $ 145,623 $ 205,730 $ 150,950
Redemptions (in shares) (775,000) (575,000) (800,000)
Redemptions $ (147,622) $ (131,079) $ (155,805)
Closing balance (in Shares) 1,800,000 1,950,000 1,625,000
Closing balance $ 295,491 $ 357,971 $ 356,238