Note 2 - Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2022

Notes Tables

Activity in Silver Bullion [Table Text Block]

Three Months Ended June 30, 2022	Ounces			Cost			Fair Value			Realized Gain (Loss)
Beginning balance		558,647,503		$	12,064,750,371		$	13,862,837,819		$	—
Silver bullion contributed		36,747,878			902,397,850			902,397,850			—
Silver bullion distributed		(53,945,960	)		(1,174,380,285	)		(1,202,027,440	)		27,647,155
Silver bullion sold to pay expenses		(740,033	)		(16,082,996	)		(16,986,434	)		903,438
Net realized gain		—			—			28,550,593			—
Net change in unrealized appreciation/depreciation		—			—			(2,536,190,240	)		—
Ending balance		540,709,388		$	11,776,684,940		$	11,038,582,148		$	28,550,593

Three Months Ended June 30, 2021	Ounces			Cost			Fair Value			Realized Gain (loss)
Beginning balance		575,124,212		$	11,937,644,776		$	13,802,981,086		$	—
Silver bullion contributed		28,106,701			765,794,167			765,794,167			—
Silver bullion distributed		(44,335,250	)		(928,983,617	)		(1,177,999,610	)		249,015,993
Silver bullion sold to pay expenses		(722,380	)		(15,051,815	)		(19,036,249	)		3,984,434
Net realized gain		—			—			253,000,427			—
Net change in unrealized appreciation/depreciation		—			—			756,594,817			—
Ending balance		558,173,283		$	11,759,403,511		$	14,381,334,638		$	253,000,427

Six Months Ended June 30, 2022	Ounces			Cost			Fair Value			Realized Gain (Loss)
Beginning balance		530,838,100		$	11,330,688,133		$	12,254,397,545		$	—
Silver bullion contributed		87,944,944			2,137,496,572			2,137,496,572			—
Silver bullion distributed		(76,682,341	)		(1,661,468,536	)		(1,759,001,672	)		97,533,136
Silver bullion sold to pay expenses		(1,391,315	)		(30,031,229	)		(32,238,949	)		2,207,720
Net realized gain		—			—			99,740,856			—
Net change in unrealized appreciation/depreciation		—			—			(1,661,812,204	)		—
Ending balance		540,709,388		$	11,776,684,940		$	11,038,582,148		$	99,740,856

Six Months Ended June 30, 2021	Ounces			Cost			Fair Value			Realized Gain (Loss)
Beginning balance		558,715,882		$	10,472,474,303		$	14,797,590,146		$	—
Silver bullion contributed		192,263,810			5,234,465,003			5,234,465,003			—
Silver bullion distributed		(191,415,186	)		(3,919,057,880	)		(5,056,623,118	)		1,137,565,238
Silver bullion sold to pay expenses		(1,391,223	)		(28,477,915	)		(37,671,676	)		9,193,761
Net realized gain		—			—			1,146,758,999			—
Net change in unrealized appreciation/depreciation		—			—			(1,703,184,716	)		—
Ending balance		558,173,283		$	11,759,403,511		$	14,381,334,638		$	1,146,758,999