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Statements of Changes in Net Assets - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Statement of Stockholders' Equity [Abstract]      
Opening balance (in shares) 10,450,000 11,350,000 10,900,000
Opening balance $ 958,831 $ 1,007,501 $ 970,513
Net investment loss (6,060) (5,920) (6,223)
Realized gain on investment in Bullion 19,719 11,008 3,226
Change in unrealized gain (loss) on investment in Bullion $ 156,624 $ 22,446 $ (23,753)
Creations (in shares) 225,000 800,000 1,900,000
Creations $ 24,293 $ 71,791 $ 183,550
Redemptions (in shares) (1,175,000) (1,700,000) (1,450,000)
Redemptions $ (113,454) $ (147,995) $ (119,812)
Closing balance (in shares) 9,500,000 10,450,000 11,350,000
Closing balance $ 1,039,953 $ 958,831 $ 1,007,501