v3.25.4
Statements of Changes in Net Assets - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Statement of Stockholders' Equity [Abstract]      
Opening balance (in shares) 51,500,000 46,550,000 48,650,000
Opening balance $ 1,421,124 $ 1,060,403 $ 1,118,817
Net investment loss (7,298) (3,923) (3,247)
Realized gain on investment in silver 196,488 51,162 10,903
Change in unrealized (loss) on investment in silver $ 2,647,484 $ 168,001 $ (21,038)
Creations (in shares) 37,750,000 12,600,000 4,900,000
Creations $ 1,635,603 $ 364,716 $ 110,705
Redemptions (in shares) (10,000,000) (7,650,000) (7,000,000)
Redemptions $ (463,169) $ (219,235) $ (155,737)
Closing balance (in shares) 79,250,000 51,500,000 46,550,000
Closing balance $ 5,430,232 $ 1,421,124 $ 1,060,403