v3.25.4
Statements of cash flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities    
Net income (loss) for the year $ 8,478,209 $ 821,211
Adjustments to reconcile net income (loss) for the year to net cash from operating activities    
Net realized (gains) losses on redemptions and sales of silver bullion 1,401
Net change in unrealized (gains) losses on silver bullion (8,520,460) (850,600)
Net changes in operating assets and liabilities    
Increase (decrease) in due to broker 188,873
Increase (decrease) in accounts payable (1,408) 295
Net cash provided by (used in) operating activities 145,214 (27,693)
Cash flows from investing activities    
Purchases of silver bullion (1,359,327) (329,940)
Sales of silver bullion 4,847
Net cash provided by (used in) investing activities (1,359,327) (325,093)
Cash flows from financing activities    
Proceeds from issuance of Units (note 7) 1,409,206 358,823
Payments on redemption of Units (note 7) (124) (499)
Underwriting commissions and issue expenses (5,769) (1,670)
Net cash provided by (used in) financing activities 1,403,313 356,654
Net increase (decrease) in cash during the year 189,200 3,868
Cash at beginning of year 9,733 5,865
Cash at end of year $ 198,933 $ 9,733