Changes in ounces of silver and their respective values for the years ended December 31, 2021 and 2020 are set out below: (Details) $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
|
Dec. 31, 2021
USD ($)
oz
|
Dec. 31, 2020
USD ($)
oz
|
Dec. 31, 2019
USD ($)
oz
|
|
| Accounting Policies [Abstract] | |||
| Opening balance | oz | 32,617,862.0 | 23,216,266.6 | |
| Creations | oz | 12,500,232.8 | 11,129,847.0 | |
| Redemptions | oz | (1,883,175.0) | (1,645,663.9) | |
| Transfers of silver to pay expenses | oz | (115,818.7) | (82,587.7) | |
| Closing balance | oz | 43,119,101.1 | 32,617,862.0 | 23,216,266.6 |
| Opening balance | $ 863,884 | $ 418,938 | |
| Creations | 326,048 | 218,306 | |
| Redemptions | (51,293) | (34,601) | |
| Realized gain on silver distributed for the redemption of Shares | 14,272 | 4,746 | $ (2,249) |
| Transfers of silver to pay expenses | (2,935) | (1,674) | |
| Realized gain on silver transferred to pay expenses | 593 | 174 | (150) |
| Change in unrealized (loss) / gain on investment in silver | (155,164) | 258,079 | 59,907 |
| Change in unrealized gain on unsettled creations or redemptions | (84) | ||
| Closing balance | $ 995,405 | $ 863,884 | $ 418,938 |