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Statements of cash flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities    
Net income (loss) for the year $ 821,211 $ (53,535)
Adjustments to reconcile net income (loss) for the year to net cash from operating activities    
Net realized (gains) losses on redemptions and sales of silver bullion 1,401 8,316
Net change in unrealized (gains) losses on silver bullion (850,600) 21,388
Net changes in operating assets and liabilities    
(Increase) decrease in prepaid assets 33
Increase (decrease) in due to broker (9,598)
Increase (decrease) in accounts payable 295 2,016
Net cash provided by (used in) operating activities (27,693) (31,380)
Cash flows from investing activities    
Purchases of silver bullion (329,940) (149,522)
Sales of silver bullion 4,847
Net cash provided by (used in) investing activities (325,093) (149,522)
Cash flows from financing activities    
Proceeds from issuance of Units (note 7) 358,823 174,807
Payments on redemption of Units (note 7) (499) (2,931)
Underwriting commissions and issue expenses (1,670) (1,101)
Net cash provided by (used in) financing activities 356,654 170,775
Net increase (decrease) in cash during the year 3,868 (10,127)
Cash at beginning of year 5,865 15,992
Cash at end of year $ 9,733 $ 5,865