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Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
EXPENSES        
Sponsor’s Fee $ 379,826 $ 211,594 $ 894,907 $ 714,191
Total expenses 380,000 212,000 895,000 714,000
Net investment loss (380,000) (212,000) (895,000) (714,000)
REALIZED AND UNREALIZED GAINS / (LOSSES)        
Realized gain / (loss) on Bullion transferred to pay expenses 25,000 (22,000) (3,000) (33,000)
Realized (loss) / gain on Bullion distributed for the redemption of Shares 0 (852,000) (2,721,000) 392,000
Change in unrealized gain / (loss) on investment in Bullion 5,190,000 (7,421,000) 45,634,000 (9,787,000)
Total gain / (loss) on investment in Bullion 5,215,000 (8,295,000) 42,910,000 (9,428,000)
Change in net assets from operations $ 4,835,000 $ (8,507,000) $ 42,015,000 $ (10,142,000)
Net increase / (decrease) in net assets per Share (in Dollars per share) $ 1.28 $ (3.44) $ 13.20 $ (3.86)
Weighted average number of Shares (in Shares) 3,765,761 2,474,457 3,182,664 2,630,220