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Statements of comprehensive income (loss) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Income    
Net realized gains (losses) on redemptions and sales of silver bullion (note 6) $ (1,401) $ (8,316)
Net change in unrealized gains (losses) on silver bullion (note 6) 850,600 (21,388)
Other income 634 486
  849,833 (29,218)
Expenses    
Management fees (note 8) 22,284 18,216
Bullion storage fees 3,866 3,562
Sales tax 1,563 1,543
Legal fees 255 72
Unitholder reporting costs 243 250
Administrative fees 167 124
Listing and regulatory filing fees 127 465
Audit fees 96 79
Independent Review Committee fees 9 7
Net foreign exchange losses (gains) 5 (7)
Trustee fees 4 3
Custodial fees 3 3
  28,622 24,317
Net income (loss) and comprehensive income (loss) $ 821,211 $ (53,535)
Weighted average number of Units 498,180,074 492,276,756
Increase (decrease) in total equity from operations per Unit $ 1.65 $ (0.11)