| Dec'17 | Dec'16 | |||||
|---|---|---|---|---|---|---|
Cash flows from operating activities [abstract] | ||||||
Net income (loss) for the year | ||||||
50,187 | 91,638 | |||||
Adjustments to reconcile net income for the year to net cash from operating activities [abstract] | ||||||
Net realized losses on redemptions and sales of bullion | ||||||
966 | 2,391 | |||||
Change in unrealized gains on silver bullion | ||||||
-57,726 | -100,402 | |||||
Net changes in operating assets and liabilities | ||||||
Increase in prepaid assets | ||||||
-46 | -175 | |||||
Increase (decrease) in accounts payable | ||||||
-148 | -40 | |||||
Net cash used in operating activities | ||||||
-6,766 | -6,588 | |||||
Cash flows from investing activities [abstract] | ||||||
Purchases of bullion | ||||||
13,450 | 111,950 | |||||
Sales of bullion | ||||||
1,604 | 2,610 | |||||
Net cash provided by (used in) investing activities | ||||||
-11,846 | -109,340 | |||||
Cash flows from financing activities [abstract] | ||||||
Proceeds from issuance of Units (note 7) | ||||||
18,765 | 122,216 | |||||
Payments on redemption of Units (note 7) | ||||||
153 | 8 | |||||
Underwriting commissions and issue expenses | ||||||
242 | 3,896 | |||||
Net cash provided by (used in) financing activities | ||||||
18,369 | 118,311 | |||||
Net increase (decrease) in cash during the year | ||||||
-243 | 2,381 | |||||