v3.25.4
Statements of comprehensive income (loss) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Income    
Net realized gains (losses) on redemptions and sales of gold and silver bullion (note 6) $ 200,977 $ 96,055
Net change in unrealized gains (losses) on gold and silver bullion (note 6) 4,187,707 943,687
Other income  246 319
  4,388,930 1,040,061
Expenses    
Management fees (note 8) 25,847 19,182
Sales tax 1,625 1,219
Bullion storage fees 1,441 1,785
Listing and regulatory filing fees 416 172
Unitholder reporting costs 280 221
Legal fees 176 184
Audit fees 151 145
Administrative fees 141 163
Independent Review Committee fees 8 9
Trustee fees 3 4
Custodial fees 2 1
Net foreign exchange losses (gains) (7) 2
  30,083 23,087
Net income (loss) and comprehensive income (loss) $ 4,358,847 $ 1,016,974
Weighted average number of Units 194,561,566 204,700,256
Increase (decrease) in total equity from operations per Unit $ 22.40 $ 4.97