Note 2 - Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2024

Notes Tables

Activity in Silver Bullion [Table Text Block]

Three Months Ended June 30, 2024	Ounces			Cost			Fair Value			Realized Gain (Loss)
Beginning balance		430,806,891		$	9,568,548,144		$	10,572,001,097		$	—
Silver bullion contributed		73,975,988			2,115,572,235			2,115,572,235			—
Silver bullion distributed		(66,811,439	)		(1,508,108,680	)		(1,921,737,558	)		413,628,878
Silver bullion sold to pay expenses		(523,574	)		(11,788,913	)		(14,386,475	)		2,597,562
Net realized gain		—			—			416,226,440			—
Net change in unrealized appreciation/depreciation		—			—			1,680,168,086			—
Ending balance		437,447,866		$	10,164,222,786		$	12,847,843,825		$	416,226,440

Three Months Ended June 30, 2023	Ounces			Cost			Fair Value			Realized Gain (loss)
Beginning balance		463,942,222		$	10,057,834,978		$	11,081,259,981		$	—
Silver bullion contributed		35,590,738			868,097,632			868,097,632			—
Silver bullion distributed		(30,812,468	)		(671,788,422	)		(751,430,827	)		79,642,405
Silver bullion sold to pay expenses		(579,393	)		(12,617,472	)		(13,936,229	)		1,318,757
Net realized gain		—			—			80,961,162			—
Net change in unrealized appreciation/depreciation		—			—			(745,821,212	)		—
Ending balance		468,141,099		$	10,241,526,716		$	10,519,130,507		$	80,961,162

Six Months Ended June 30, 2024	Ounces			Cost			Fair Value			Realized Gain (Loss)
Beginning balance		436,892,231		$	9,616,427,847		$	10,393,666,180		$	—
Silver bullion contributed		129,646,899			3,430,050,047			3,430,050,047			—
Silver bullion distributed		(128,019,703	)		(2,858,390,089	)		(3,354,168,770	)		495,778,681
Silver bullion sold to pay expenses		(1,071,561	)		(23,865,019	)		(27,056,987	)		3,191,968
Net realized gain		—			—			498,970,649			—
Net change in unrealized appreciation/depreciation		—			—			1,906,382,706			—
Ending balance		437,447,866		$	10,164,222,786		$	12,847,843,825		$	498,970,649

Six Months Ended June 30, 2023	Ounces			Cost			Fair Value			Realized Gain (Loss)
Beginning balance		466,265,146		$	10,025,562,224		$	11,164,718,926		$	—
Silver bullion contributed		92,652,599			2,184,456,395			2,184,456,395			—
Silver bullion distributed		(89,610,880	)		(1,943,206,955	)		(2,072,026,634	)		128,819,679
Silver bullion sold to pay expenses		(1,165,766	)		(25,284,948	)		(27,379,746	)		2,094,798
Net realized gain		—			—			130,914,477			—
Net change in unrealized appreciation/depreciation		—			—			(861,552,911	)		—
Ending balance		468,141,099		$	10,241,526,716		$	10,519,130,507		$	130,914,477