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Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2023
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, 2023 |  |  | December 31, 2022 |
Level 1 |  |  |  |  |  |  |  |
Investment in palladium |  | $ | 219,421 |  |  | $ | 295,638 |
Changes in ounces of palladium and their respective values for the years ended December 31, 2023 and 2022 are set out below: | Changes in ounces of palladium and their respective values for the years ended December 31, 2023 and 2022 are set out below:
|  | Year Ended December 31, 2023 |  |  | Year Ended December 31, 2022 |
(Amounts in 000’s of US$, except for ounces data) |  |  |  |  |  |  |  |
Ounces of palladium |  |  |  |  |  |  |  |
Opening balance |  |  | 166,556.4 |  |  |  | 181,531.1 |
Creations |  |  | 53,072.5 |  |  |  | 58,004.8 |
Redemptions |  |  | (25,394.5 | ) |  |  | (71,914.8 | )
Transfers of palladium to pay expenses |  |  | (1,082.2 | ) |  |  | (1,064.7 | )
Closing balance |  |  | 193,152.2 |  |  |  | 166,556.4 |
Investment in palladium |  |  |  |  |  |  |  |
Opening balance |  | $ | 295,638 |  |  | $ | 358,161 |
Creations |  |  | 73,610 |  |  |  | 145,623 |
Redemptions |  |  | (38,410 | ) |  |  | (147,622 | )
Realized (loss) / gain on palladium distributed for the redemption of Shares |  |  | (10,746 | ) |  |  | 3,889 |
Transfers of palladium to pay expenses |  |  | (1,499 | ) |  |  | (2,270 | )
Realized gain on palladium transferred to pay expenses |  |  | (579 | ) |  |  | 155 |
Change in unrealized (loss) on investment in palladium |  |  | (98,593 | ) |  |  | (62,298 | )
Closing balance |  | $ | 219,421 |  |  | $ | 295,638 |

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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
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