Note 2 - Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2016

Notes Tables

Activity in Silver Bullion [Table Text Block]

Three Months Ended June 30, 2016	Ounces			Average Cost			Fair Value			Realized Gain (Loss)
Beginning balance		332,578.5		$	6,159,729		$	5,115,057		$	—
Silver bullion contributed		20,970.0			349,869			349,869			—
Silver bullion distributed		(19,587.6	)		(361,122	)		(337,120	)		(24,002	)
Silver bullion sold to pay expenses		(416.0	)		(7,683	)		(6,751	)		(932	)
Net realized loss		—			—			(24,934	)		—
Net change in unrealized appreciation/depreciation		—			—			1,027,763			—
Ending balance		333,544.9		$	6,140,793		$	6,123,884		$	(24,934	)

Three Months Ended June 30, 2015	Ounces			Average Cost			Fair Value			Realized Gain (Loss)
Beginning balance		321,975.6		$	6,212,172		$	5,344,795		$	—
Silver bullion contributed		24,658.4			398,520			398,520			—
Silver bullion distributed		(20,883.0	)		(385,063	)		(341,336	)		(43,727	)
Silver bullion sold to pay expenses		(408.4	)		(7,861	)		(6,718	)		(1,143	)
Net realized loss		—			—			(44,870	)		—
Net change in unrealized appreciation/depreciation		—			—			(242,511	)		—
Ending balance		325,342.6		$	6,217,768		$	5,107,880		$	(44,870	)

Six Months Ended June 30, 2016	Ounces			Average Cost			Fair Value			Realized Gain (Loss)
Beginning balance		317,934.9		$	5,979,252		$	4,393,861		$	—
Silver bullion contributed		47,957.1			762,070			762,070			—
Silver bullion distributed		(31,540.2	)		(585,504	)		(510,105	)		(75,399	)
Silver bullion sold to pay expenses		(806.9	)		(15,025	)		(12,390	)		(2,635	)
Net realized loss		—			—			(78,034	)		—
Net change in unrealized appreciation/depreciation		—			—			1,568,482			—
Ending balance		333,544.9		$	6,140,793		$	6,123,884		$	(78,034	)

Six Months Ended June 30, 2015	Ounces			Average Cost			Fair Value			Realized Gain (Loss)
Beginning balance		329,564.2		$	6,386,750		$	5,263,140		$	—
Silver bullion contributed		35,425.5			579,038			579,038			—
Silver bullion distributed		(38,829.5	)		(732,243	)		(646,475	)		(85,768	)
Silver bullion sold to pay expenses		(817.6	)		(15,777	)		(13,465	)		(2,312	)
Net realized loss		—			—			(88,080	)		—
Net change in unrealized appreciation/depreciation		—			—			13,722			—
Ending balance		325,342.6		$	6,217,768		$	5,107,880		$	(88,080	)