| Changes in ounces of silver and their respective values for the years ended December 31, 2021 and 2020 are set out below: |
Changes in ounces of silver and their respective values for the years ended December 31, 2021 and 2020 are set out below:
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Year
Ended
December 31, 2021
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Year
Ended
December 31, 2020
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(Amounts in 000’s of US$, except for ounces data)
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Ounces of silver
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Opening balance
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32,617,862.0
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23,216,266.6
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Creations
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12,500,232.8
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11,129,847.0
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Redemptions
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(1,883,175.0
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)
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(1,645,663.9
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)
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Transfers of silver to pay expenses
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(115,818.7
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)
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(82,587.7
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)
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Closing balance
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43,119,101.1
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32,617,862.0
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Investment in silver
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Opening balance
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$
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863,884
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$
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418,938
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Creations
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326,048
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218,306
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Redemptions
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(51,293
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)
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(34,601
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)
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Realized gain on silver distributed for the redemption of Shares
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14,272
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4,746
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Transfers of silver to pay expenses
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(2,935
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)
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(1,674
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)
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Realized gain on silver transferred to pay expenses
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593
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174
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Change in unrealized (loss) / gain on investment in silver
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(155,164
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)
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258,079
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Change in unrealized gain on unsettled creations or redemptions
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—
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(84
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)
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Closing balance
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$
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995,405
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$
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863,884
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