Note 2 - Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2020

Notes Tables

Activity in Silver Bullion [Table Text Block]

Year Ended December 31, 2020	Ounces			Cost			Fair Value			Realized Gain (Loss)
Beginning balance		362,616,711		$	6,294,157,046		$	6,543,418,555		$	—
Silver bullion contributed		371,438,229			7,299,222,832			7,299,222,832			—
Silver bullion distributed		(173,055,462	)		(3,080,813,670	)		(4,002,727,459	)		921,913,789
Silver bullion sold to pay expenses		(2,283,596	)		(40,091,905	)		(47,505,972	)		7,414,067
Net realized gain		—			—			929,327,856			—
Net change in unrealized appreciation/depreciation		—			—			4,075,854,334			—
Ending balance		558,715,882		$	10,472,474,303		$	14,797,590,146		$	929,327,856

Year Ended December 31, 2019	Ounces			Cost			Fair Value			Realized Gain (Loss)
Beginning balance		317,233,610		$	5,641,558,156		$	4,906,017,787		$	—
Silver bullion contributed		113,045,188			1,836,353,140			1,836,353,140			—
Silver bullion distributed		(65,991,660	)		(1,154,479,083	)		(1,101,564,648	)		(52,914,435	)
Silver bullion sold to pay expenses		(1,670,427	)		(29,275,167	)		(27,086,721	)		(2,188,446	)
Net realized loss		—			—			(55,102,881	)		—
Net change in unrealized appreciation/depreciation		—			—			984,801,878			—
Ending balance		362,616,711		$	6,294,157,046		$	6,543,418,555		$	(55,102,881	)

Year Ended December 31, 2018	Ounces			Cost			Fair Value			Realized Gain (Loss)
Beginning balance		320,629,662		$	5,831,748,196		$	5,407,419,250		$	—
Silver bullion contributed		60,236,118			954,051,929			954,051,929			—
Silver bullion distributed		(62,004,144	)		(1,114,932,000	)		(982,882,736	)		(132,049,264	)
Silver bullion sold to pay expenses		(1,628,026	)		(29,309,969	)		(25,579,758	)		(3,730,211	)
Net realized loss		—			—			(135,779,475	)		—
Net change in unrealized appreciation/depreciation		—			—			(311,211,423	)		—
Ending balance		317,233,610		$	5,641,558,156		$	4,906,017,787		$	(135,779,475	)

Schedule of Capital Units [Table Text Block]

	December 31,
	2020						2019						2018
	Shares			Amount			Shares			Amount			Shares			Amount
Shares issued		398,700,000		$	7,299,222,832			120,750,000		$	1,836,353,140			64,000,000		$	954,051,929
Shares redeemed		(185,850,000	)		(4,002,727,459	)		(70,500,000	)		(1,101,564,648	)		(65,900,000	)		(982,882,736	)
Net increase (decrease)		212,850,000		$	3,296,495,373			50,250,000		$	734,788,492			(1,900,000	)	$	(28,830,807	)