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Note 6 - Concentration Risk
12 Months Ended
Dec. 31, 2013
Risks and Uncertainties [Abstract]  
Concentration Risk Disclosure [Text Block]

6 - Concentration Risk


Substantially all of the Trust’s assets are holdings of silver bullion, which creates a concentration risk associated with fluctuations in the price of silver. Accordingly, a decline in the price of silver will have an adverse effect on the value of the Shares of the Trust. Factors that may have the effect of causing a decline in the price of silver include a change in economic conditions (such as a recession), an increase in the hedging activities of silver producers, and changes in the attitude towards silver of speculators, investors and other market participants.