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Condensed Statements of Operations (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
REVENUES        
Value of Bullion transferred to pay expenses $ 292,184 $ 357,721 $ 596,245 $ 602,923
Cost of Bullion transferred to pay expenses (262,652) (309,859) (535,937) (543,222)
Gain on Bullion transferred to pay expenses 29,532 47,862 60,308 59,701
Gain on Bullion distributed for the redemption of Shares 218,228 5,250,833 1,389,862 5,688,912
Unrealized loss on Bullion (3,380,221) (247,742) (3,380,221) (247,742)
Total (loss) / gain on Bullion (3,132,461) 5,050,953 (1,930,051) 5,500,871
EXPENSES        
Sponsor’s Fee 278,873 359,137 575,661 639,485
Total expenses 278,873 359,137 575,661 639,485
Net (loss) / gain from operations $ (3,411,334) $ 4,691,816 $ (2,505,712) $ 4,861,386
Net (loss) / gain per Share (in Dollars per share) $ (1.64) $ 1.91 $ (1.21) $ 2.13
Weighted average number of Shares (in Shares) 2,076,374 2,456,044 2,074,451 2,286,740