Changes in ounces of silver and their respective values for the years ended December 31, 2025 and 2024 are set out below: (Details) $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
|
Dec. 31, 2025
USD ($)
oz
|
Dec. 31, 2024
USD ($)
oz
|
Dec. 31, 2023
USD ($)
oz
|
|
| Accounting Policies [Abstract] | |||
| Opening balance | oz | 48,939,346.4 | 44,584,861.0 | |
| Creations | oz | 36,207,139.9 | 11,798,793.7 | |
| Redemptions | oz | (9,531,087.0) | (7,307,064.1) | |
| Transfers of silver to pay expenses | oz | (165,942.6) | (137,244.2) | |
| Closing balance | oz | 75,449,456.7 | 48,939,346.4 | 44,584,861.0 |
| Opening balance | $ 1,414,591 | $ 1,060,674 | |
| Creations | 1,642,502 | 357,817 | |
| Redemptions | (463,169) | (219,235) | |
| Realized gain on silver distributed for the redemption of Shares | 194,527 | 50,350 | $ 10,651 |
| Transfers of silver to pay expenses | (6,290) | (3,828) | |
| Realized gain on silver transferred to pay expenses | 1,961 | 812 | 252 |
| Change in unrealized (loss) on investment in silver | 2,647,484 | 168,001 | (21,038) |
| Closing balance | $ 5,431,606 | $ 1,414,591 | $ 1,060,674 |