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Statements of cash flows - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities    
Net income (loss) for the period $ 126,098,326 $ (87,656,984)
Adjustments to reconcile net income for the year to net cash from operating activities    
Net realized losses on redemptions and sales of bullion 4,536,914 5,400,608
Change in unrealized losses on silver bullion (136,938,140) 76,160,284
Net changes in operating assets and liabilities    
Decrease in prepaid assets   149,442
Increase (decrease) in accounts payable (73,405) 325,073
Net cash used in operating activities (6,376,305) (5,621,577)
Cash flows from investing activities    
Purchases of bullion (77,968,605) (7,501,519)
Sales of bullion 25,102 1,169,773
Net cash used in investing activities (77,943,503) (6,331,746)
Cash flows from financing activities    
Proceeds from issuance of Units (note 7) 83,717,983 13,495,524
Payments on redemption of Units (note 7) (32,216) (7,717)
Underwriting commissions and issue expenses (651,394) (231,620)
Net cash provided by financing activities 83,034,373 13,256,187
Net increase (decrease) in cash during the year (1,285,435) 1,302,864
Cash at beginning of year 3,798,412 2,495,548
Cash at end of year $ 2,512,977 $ 3,798,412