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Statements of cash flows - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities    
Net income (loss) for the period $ (87,656,984) $ 50,187,237
Adjustments to reconcile net income for the year to net cash from operating activities    
Net realized losses on redemptions and sales of bullion 5,400,608 966,565
Change in unrealized (gains) losses on silver bullion 76,160,284 (57,726,059)
Net changes in operating assets and liabilities    
(Increase) decrease in prepaid assets 149,442 (46,335)
Increase (decrease) in accounts payable 325,073 (148,220)
Net cash used in operating activities (5,621,577) (6,766,812)
Cash flows from investing activities    
Purchases of bullion (7,501,519) (13,450,769)
Sales of bullion 1,169,773 1,604,223
Net cash provided by (used in) investing activities (6,331,746) (11,846,546)
Cash flows from financing activities    
Proceeds from issuance of Units (note 7) 13,495,524 18,765,423
Payments on redemption of Units (note 7) (7,717) (153,122)
Underwriting commissions and issue expenses (231,620) (242,530)
Net cash provided by (used in) financing activities 13,256,187 18,369,771
Net increase (decrease) in cash during the period 1,302,864 (243,587)
Cash at beginning of period 2,495,548 2,739,135
Cash at end of period $ 3,798,412 $ 2,495,548