v3.23.1
Statements of cash flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities    
Net income (loss) for the year $ 103,219 $ (549,515)
Adjustments to reconcile net income (loss) for the year to net cash from operating activities    
Net realized (gains) losses on redemptions and sales of silver bullion
Change in unrealized (gains) losses on silver bullion (123,466) 527,962
Net changes in operating assets and liabilities    
(Increase) decrease in prepaid assets 153 (186)
Increase (decrease) in due to broker 9,598
Increase (decrease) in accounts payable (337) 192
Net cash provided by (used in) operating activities (10,833) (21,547)
Cash flows from investing activities    
Purchases of silver bullion (364,285) (1,719,695)
Sales of silver bullion
Net cash provided by (used in) in investing activities (364,285) (1,719,695)
Cash flows from financing activities    
Proceeds from issuance of Units (note 7) 390,959 1,755,965
Payments on redemption of Units (note 7) (457) (8)
Underwriting commissions and issue expenses (2,583) (14,146)
Net cash provided by (used in) financing activities 387,919 1,741,811
Net increase (decrease) in cash during the year 12,801 569
Cash at beginning of year 3,191 2,622
Cash at end of year $ 15,992 $ 3,191