Note 2 - Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2021

Notes Tables

Activity in Silver Bullion [Table Text Block]

Three Months Ended March 31, 2021	Ounces			Cost			Fair Value			Realized Gain (Loss)
Beginning balance		558,715,882		$	10,472,474,303		$	14,797,590,146		$	—
Silver bullion contributed		164,157,109			4,468,670,836			4,468,670,836			—
Silver bullion distributed		(147,079,936	)		(2,990,074,263	)		(3,878,623,508	)		888,549,245
Silver bullion sold to pay expenses		(668,843	)		(13,426,100	)		(18,635,427	)		5,209,327
Net realized gain		—			—			893,758,572			—
Net change in unrealized appreciation/depreciation		—			—			(2,459,779,533	)		—
Ending balance		575,124,212		$	11,937,644,776		$	13,802,981,086		$	893,758,572

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	)