XML 35 R2.htm IDEA: XBRL DOCUMENT v3.19.1
Statements of comprehensive income (loss) - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Income    
Net realized losses on redemptions and sales of silver bullion $ (5,400,608) $ (966,565)
Change in unrealized gains (losses) on silver bullion (76,160,284) 57,726,059
Total income (81,560,892) 56,759,494
Expenses    
Management fees (note 8) 4,027,753 4,282,624
Bullion storage fees 1,248,391 1,304,989
Sales tax 355,916 351,375
Listing and regulatory filing fees 157,874 106,238
Unitholder reporting costs 50,751 260,958
Administrative fees 98,821 107,860
Legal fees 77,839 72,787
Custodial fees 19,746 8,201
Audit fees 45,992 48,324
Trustee fees 4,187 4,417
Independent Review Committee fees 8,466 24,248
Net foreign exchange losses 356 236
Total expenses 6,096,092 6,572,257
Net income (loss) and comprehensive income (loss) $ (87,656,984) $ 50,187,237
Weighted average number of Units 150,405,589 147,546,362
Increase (decrease) in total equity from operations per Unit $ (0.58) $ 0.34