Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2025

Accounting Policies [Abstract]

The categorization of the Trust’s assets is as shown below:

The categorization of the Trust’s assets is as shown below:

(Amounts in 000’s of US$)	March 31, 2025		December 31, 2024
Level 1
Investment in silver	$	1,631,269	$	1,414,591

There were no transfers between levels during the three months ended March 31, 2025 or the year ended December 31, 2024.

Changes in ounces of silver and their respective values for the three months ended March 31, 2025 and 2024 are set out below:

Changes in ounces of silver and their respective values for the three months ended March 31, 2025 and 2024 are set out below:

	Three Months Ended March 31, 2025			Three Months Ended March 31, 2024
(Amounts in 000’s of US$, except for ounces data)
Ounces of silver
Opening balance		48,939,346.4			44,584,861.0
Creations		3,340,722.5			670,176.2
Redemptions		(4,342,802.8	)		(574,303.6	)
Transfers of silver to pay expenses		(36,241.0	)		(33,513.2	)
Closing balance		47,901,025.1			44,647,220.4
Investment in silver
Opening balance	$	1,414,591		$	1,060,674
Creations		102,489			15,523
Redemptions		(132,999	)		(13,026	)
Realized gain on silver distributed for the redemption of Shares		29,040			561
Transfers of silver to pay expenses		(1,101	)		(776	)
Realized gain on silver transferred to pay expenses		239			49
Change in unrealized gain on investment in silver		219,010			32,638
Closing balance	$	1,631,269		$	1,095,643