Note 2 - Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2020

Notes Tables

Activity in Silver Bullion [Table Text Block]

Three Months Ended March 31, 2020	Ounces			Cost			Fair Value			Realized Gain (Loss)
Beginning balance		362,616,711		$	6,294,157,046		$	6,543,418,555		$	—
Silver bullion contributed		61,719,272			889,817,438			889,817,438			—
Silver bullion distributed		(28,512,880	)		(494,644,937	)		(484,999,588	)		(9,645,349	)
Silver bullion sold to pay expenses		(454,637	)		(7,896,659	)		(7,971,299	)		74,640
Net realized loss		—			—			(9,570,709	)		—
Net change in unrealized appreciation/depreciation		—			—			(1,423,211,664	)		—
Ending balance		395,368,466		$	6,681,432,888		$	5,507,482,733		$	(9,570,709	)

Three Months Ended March 31, 2019	Ounces			Cost			Fair Value			Realized Gain (Loss)
Beginning balance		317,233,610		$	5,641,558,156		$	4,906,017,787		$	—
Silver bullion contributed		11,866,072			185,279,712			185,279,712			—
Silver bullion distributed		(19,420,968	)		(344,949,618	)		(302,681,083	)		(42,268,535	)
Silver bullion sold to pay expenses		(377,482	)		(6,701,897	)		(5,916,114	)		(785,783	)
Net realized loss		—			—			(43,054,318	)		—
Net change in unrealized appreciation/depreciation		—			—			(69,197,383	)		—
Ending balance		309,301,232		$	5,475,186,353		$	4,670,448,601		$	(43,054,318	)