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Changes in ounces of silver and their respective values for the three months ended March 31, 2025 and 2024 are set out below: (Details)
$ in Thousands
3 Months Ended
Mar. 31, 2025
USD ($)
oz
Mar. 31, 2024
USD ($)
oz
Accounting Policies [Abstract]    
Opening balance | oz 48,939,346.4 44,584,861.0
Creations | oz 3,340,722.5 670,176.2
Redemptions | oz (4,342,802.8) (574,303.6)
Transfers of silver to pay expenses | oz (36,241.0) (33,513.2)
Closing balance | oz 47,901,025.1 44,647,220.4
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