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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) 10,900,000 8,600,000 6,550,000
Opening balance $ 970,513 $ 841,868 $ 499,078
Net investment loss (6,223) (5,840) (3,821)
Realized gain on investment in Bullion 3,226 15,868 5,495
Change in unrealized gain (loss) on investment in Bullion $ (23,753) (109,394) 139,860
Change in unrealized gain (loss) on unsettled creations or redemptions   $ (28) $ 28
Creations (in shares) 1,900,000 3,250,000 2,600,000
Creations $ 183,550 $ 315,510 $ 241,531
Redemptions (in shares) (1,450,000) (950,000) (550,000)
Redemptions $ (119,812) $ (87,471) $ (40,303)
Closing balance (in shares) 11,350,000 10,900,000 8,600,000
Closing balance $ 1,007,501 $ 970,513 $ 841,868