v3.25.4
Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
EXPENSES      
Sponsor’s Fee $ 10,947,000 $ 5,885,000 $ 4,871,000
Less: Waiver (3,648,943) (1,961,810) (1,623,757)
Total expenses 7,298,000 3,923,000 3,247,000
Net investment loss (7,298,000) (3,923,000) (3,247,000)
REALIZED AND UNREALIZED GAINS / (LOSSES)      
Realized gain on silver transferred to pay expenses 1,961,000 812,000 252,000
Realized gain on silver distributed for the redemption of Shares 194,527,000 50,350,000 10,651,000
Change in unrealized gain / (loss) on investment in silver 2,647,484,000 168,001,000 (21,038,000)
Total gain / (loss) on investment in silver 2,843,972,000 219,163,000 (10,135,000)
Change in net assets from operations $ 2,836,674,000 $ 215,240,000 $ (13,382,000)
Net increase / (decrease) in net assets per Share $ 47.07 $ 4.46 $ (0.28)
Weighted average number of Shares 60,263,562 48,234,290 48,148,767