Note 2 - Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2020

Notes Tables

Activity in Silver Bullion [Table Text Block]

Three Months Ended June 30, 2020	Ounces			Cost			Fair Value			Realized Gain (Loss)
Beginning balance		395,368,466		$	6,681,432,888		$	5,507,482,733		$	—
Silver bullion contributed		118,708,634			1,962,530,775			1,962,530,775			—
Silver bullion distributed		(15,569,065	)		(261,348,495	)		(250,788,865	)		(10,559,630	)
Silver bullion sold to pay expenses		(500,537	)		(8,415,355	)		(7,832,116	)		(583,239	)
Net realized gain		—			—			(11,142,869	)		—
Net change in unrealized appreciation/depreciation		—			—			1,686,694,147			—
Ending balance		498,007,498		$	8,374,199,813		$	8,886,943,805		$	(11,142,869	)

Three Months Ended June 30, 2019	Ounces			Cost			Fair Value			Realized Gain (Loss)
Beginning balance		309,301,232		$	5,475,186,353		$	4,670,448,601		$	—
Silver bullion contributed		20,139,972			300,557,309			300,557,309			—
Silver bullion distributed		(5,715,084	)		(100,797,226	)		(84,431,118	)		(16,366,108	)
Silver bullion sold to pay expenses		(395,507	)		(6,983,443	)		(5,887,355	)		(1,096,088	)
Net realized gain		—			—			(17,462,196	)		—
Net change in unrealized appreciation/depreciation		—			—			57,866,685			—
Ending balance		323,330,613		$	5,667,962,993		$	4,921,091,926		$	(17,462,196	)

Six Months Ended June 30, 2020	Ounces			Cost			Fair Value			Realized Gain (Loss)
Beginning balance		362,616,711		$	6,294,157,046		$	6,543,418,555		$	—
Silver bullion contributed		180,427,906			2,852,348,213			2,852,348,213			—
Silver bullion distributed		(44,081,945	)		(755,993,432	)		(735,788,453	)		(20,204,979	)
Silver bullion sold to pay expenses		(955,174	)		(16,312,014	)		(15,803,415	)		(508,599	)
Net realized gain		—			—			(20,713,578	)		—
Net change in unrealized appreciation/depreciation		—			—			263,482,483			—
Ending balance		498,007,498		$	8,374,199,813		$	8,886,943,805		$	(20,713,578	)

Six Months Ended June 30, 2019	Ounces			Cost			Fair Value			Realized Gain (Loss)
Beginning balance		317,233,610		$	5,641,558,156		$	4,906,017,787		$	—
Silver bullion contributed		32,006,044			485,837,021			485,837,021			—
Silver bullion distributed		(25,136,052	)		(445,746,844	)		(387,112,201	)		(58,634,643	)
Silver bullion sold to pay expenses		(772,989	)		(13,685,340	)		(11,803,469	)		(1,881,871	)
Net realized gain		—			—			(60,516,514	)		—
Net change in unrealized appreciation/depreciation		—			—			(11,330,698	)		—
Ending balance		323,330,613		$	5,667,962,993		$	4,921,091,926		$	(60,516,514	)