10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001437749-14-008720 |
| Period End Date | 20140331 |
| Filing Date | 20140512 |
| Fiscal Year | 2014 |
| Fiscal Period | Q1 |
| XBRL Instance | slv-20140331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
30 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Investment in silver bullion at cost |
InvestmentOwnedAtCost
|
$6.24B | USD | Point-in-time |
| Investment in silver bullion at cost |
InvestmentOwnedAtCost
|
$6.42B | USD | Point-in-time |
| Investment in silver bullion |
InvestmentOwnedAtFairValue
|
$6.56B | USD | Point-in-time |
| Silver bullion inventory, fair value |
SilverBullionInventoryFairValue
|
$6.24B | USD | Point-in-time |
| Investment in silver bullion |
InvestmentOwnedAtFairValue
|
$6.24B | USD | Point-in-time |
| Silver bullion inventory, fair value |
SilverBullionInventoryFairValue
|
$9.71B | USD | Point-in-time |
| Shares, par value |
TemporaryEquityParOrStatedValuePerShare
|
- | USD | Point-in-time |
| Silver bullion inventory |
OtherInventory
|
$6.24B | USD | Point-in-time |
| Shares, par value |
TemporaryEquityParOrStatedValuePerShare
|
- | USD | Point-in-time |
| Total Assets |
Assets
|
$6.24B | USD | Point-in-time |
| Shares issued |
TemporaryEquitySharesIssued
|
332.50M | shares | Point-in-time |
| Total Assets |
Assets
|
$6.56B | USD | Point-in-time |
| Shares issued |
TemporaryEquitySharesIssued
|
341.40M | shares | Point-in-time |
| Sponsors fees payable |
AccruedLiabilitiesCurrent
|
$2.89M | USD | Point-in-time |
| Sponsors fees payable |
AccruedLiabilitiesCurrent
|
$2.72M | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$2.89M | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$2.72M | USD | Point-in-time |
| Commitments and contingent liabilities (Note 6) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingent liabilities (Note 6) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Redeemable capital Shares (at redemption value) |
TemporaryEquityRedemptionValue
|
$9.71B | USD | Point-in-time |
| Redeemable capital Shares (at redemption value) |
TemporaryEquityRedemptionValue
|
$6.24B | USD | Point-in-time |
| Shareholders equity (deficit) |
StockholdersEquity
|
$6.55B | USD | Point-in-time |
| Shareholders equity (deficit) |
StockholdersEquity
|
$-1.58B | USD | Point-in-time |
| TOTAL LIABILITIES, REDEEMABLE CAPITAL SHARES AND SHAREHOLDERS EQUITY (DEFICIT) |
LiabilitiesAndStockholdersEquity
|
$6.24B | USD | Point-in-time |
| TOTAL LIABILITIES, REDEEMABLE CAPITAL SHARES AND SHAREHOLDERS EQUITY (DEFICIT) |
LiabilitiesAndStockholdersEquity
|
$6.56B | USD | Point-in-time |
| Shares issued and outstanding(d) (in Shares) |
TemporaryEquitySharesOutstanding
|
341.40M | shares | Point-in-time |
| Shares issued and outstanding(d) (in Shares) |
TemporaryEquitySharesOutstanding
|
332.50M | shares | Point-in-time |
| Shares issued and outstanding(d) (in Shares) |
TemporaryEquitySharesOutstanding
|
335.00M | shares | Point-in-time |
| Net asset value per Share(e) (in Dollars per share) |
TemporaryEquityRedemptionPricePerShare
|
$19.20 | USD | Point-in-time |
| Net asset value per Share(e) (in Dollars per share) |
TemporaryEquityRedemptionPricePerShare
|
$18.77 | USD | Point-in-time |
Income Statement
28 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Proceeds from sales of silver bullion inventory to pay expenses |
SaleOfTrustAssetsToPayExpenses
|
$12.63M | USD | 1 Quarter |
| Cost of silver bullion inventory sold to pay expenses |
CostOfTrustAssetsSoldToPayExpenses
|
$10.65M | USD | 1 Quarter |
| Gain on sales of silver bullion inventory to pay expenses |
GainLossOnSaleOfTrustAssetsToPayExpenses
|
$-1.89M | USD | Annual |
| Gain on sales of silver bullion inventory to pay expenses |
GainLossOnSaleOfTrustAssetsToPayExpenses
|
$255.00K | USD | 1 Quarter |
| Gain on sales of silver bullion inventory to pay expenses |
GainLossOnSaleOfTrustAssetsToPayExpenses
|
$1.97M | USD | 1 Quarter |
| Gain on silver bullion distributed for the redemption of Shares |
GainLossOnSilverDistributedForRedemptionOfShares
|
$9.75M | USD | 1 Quarter |
| Gain on silver bullion distributed for the redemption of Shares |
GainLossOnSilverDistributedForRedemptionOfShares
|
$93.29M | USD | 1 Quarter |
| Total gain on sales and distributions of silver bullion |
GainLossOnSalesAndDistributionsOfSilver
|
$-133.70M | USD | Annual |
| Total gain on sales and distributions of silver bullion |
GainLossOnSalesAndDistributionsOfSilver
|
$95.26M | USD | 1 Quarter |
| Sponsors fees |
SponsorsFees
|
$8.17M | USD | 1 Quarter |
| Sponsors fees |
SponsorsFees
|
$12.51M | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$8.17M | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$12.51M | USD | 1 Quarter |
| Net investment loss(a) |
OperatingIncomeLoss
|
$-8.17M | USD | 1 Quarter |
| Net realized gain from investment in silver bullion sold to pay expenses |
GainLossOnSaleOfTrustAssetsToPayExpenses
|
$-1.89M | USD | Annual |
| Net realized gain from investment in silver bullion sold to pay expenses |
GainLossOnSaleOfTrustAssetsToPayExpenses
|
$255.00K | USD | 1 Quarter |
| Net realized gain from investment in silver bullion sold to pay expenses |
GainLossOnSaleOfTrustAssetsToPayExpenses
|
$1.97M | USD | 1 Quarter |
| Net realized gain from silver bullion distributed for the redemption of Shares |
NetRealizedGainFromSilverDistributedForTheRedemptionOfShares
|
$9.75M | USD | 1 Quarter |
| Net realized gain from silver bullion distributed for the redemption of Shares |
NetRealizedGainFromSilverDistributedForTheRedemptionOfShares
|
$-131.81M | USD | Annual |
| Net change in unrealized appreciation/depreciation on investment in silver bullion |
UnrealizedGainLossOnInvestments
|
$136.06M | USD | 1 Quarter |
| Net realized and unrealized gain |
GainLossOnInvestments
|
$146.07M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$137.90M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$-1.95B | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$82.75M | USD | 1 Quarter |
| Net income per Share (in Dollars per share) |
EarningsPerShareBasic
|
$0.24 | USD | 1 Quarter |
| Net income per Share (in Dollars per share) |
EarningsPerShareBasic
|
$0.41 | USD | 1 Quarter |
| Weighted-average Shares outstanding (in Shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
337.06M | shares | 1 Quarter |
| Weighted-average Shares outstanding (in Shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
349.82M | shares | 1 Quarter |
Cash Flow Statement
34 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Proceeds from sales of silver bullion inventory to pay expenses |
ProceedsFromSaleOfTrustAssetsToPayExpenses
|
$8.00M | USD | 1 Quarter |
| Proceeds from sales of silver bullion inventory to pay expenses |
ProceedsFromSaleOfTrustAssetsToPayExpenses
|
$12.63M | USD | 1 Quarter |
| Expenses Sponsors fees paid |
PaymentsForFees
|
$8.00M | USD | 1 Quarter |
| Expenses Sponsors fees paid |
PaymentsForFees
|
$12.63M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
- | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
- | USD | 1 Quarter |
| Increase (decrease) in cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
- | USD | 1 Quarter |
| Increase (decrease) in cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
- | USD | 1 Quarter |
| Cash, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
- | USD | Point-in-time |
| Cash, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
- | USD | Point-in-time |
| Cash, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
- | USD | Point-in-time |
| Cash, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
- | USD | Point-in-time |
| Cash, end of period |
CashAndCashEquivalentsAtCarryingValue
|
- | USD | Point-in-time |
| Cash, end of period |
CashAndCashEquivalentsAtCarryingValue
|
- | USD | Point-in-time |
| Cash, end of period |
CashAndCashEquivalentsAtCarryingValue
|
- | USD | Point-in-time |
| Cash, end of period |
CashAndCashEquivalentsAtCarryingValue
|
- | USD | Point-in-time |
| Net income |
NetIncomeLoss
|
$137.90M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$-1.95B | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$82.75M | USD | 1 Quarter |
| Proceeds from sales of investment in silver bullion sold to pay expenses |
ProceedsFromSaleOfTrustAssetsToPayExpenses
|
$8.00M | USD | 1 Quarter |
| Proceeds from sales of investment in silver bullion sold to pay expenses |
ProceedsFromSaleOfTrustAssetsToPayExpenses
|
$12.63M | USD | 1 Quarter |
| Net realized gain from investment in silver bullion sold to pay expenses |
GainLossOnSaleOfTrustAssetsToPayExpenses
|
$-1.89M | USD | Annual |
| Net realized gain from investment in silver bullion sold to pay expenses |
GainLossOnSaleOfTrustAssetsToPayExpenses
|
$255.00K | USD | 1 Quarter |
| Net realized gain from investment in silver bullion sold to pay expenses |
GainLossOnSaleOfTrustAssetsToPayExpenses
|
$1.97M | USD | 1 Quarter |
| Cost of silver bullion inventory sold to pay expenses |
CostOfTrustAssetsSoldToPayExpenses
|
$10.65M | USD | 1 Quarter |
| Net realized gain from silver bullion distributed for the redemption of Shares |
GainLossOnSilverDistributedForRedemptionOfShares
|
$9.75M | USD | 1 Quarter |
| Net realized gain from silver bullion distributed for the redemption of Shares |
GainLossOnSilverDistributedForRedemptionOfShares
|
$93.29M | USD | 1 Quarter |
| Net change in unrealized appreciation/depreciation on investment in silver bullion |
UnrealizedGainLossOnInvestments
|
$136.06M | USD | 1 Quarter |
| Sponsors fees payable |
IncreaseDecreaseInAccruedLiabilities
|
$-117.00K | USD | 1 Quarter |
| Sponsors fees payable |
IncreaseDecreaseInAccruedLiabilities
|
$169.00K | USD | 1 Quarter |
| Silver bullion contributed for subscription of Shares(a) |
FairValueOfAssetsAcquired
|
$382.35M | USD | 1 Quarter |
| Silver bullion contributed for subscription of Shares(a) |
FairValueOfAssetsAcquired
|
$1.14B | USD | 1 Quarter |
| Silver bullion distributed for redemption of Shares(a) |
OtherSignificantNoncashTransactionValueOfConsiderationGiven1
|
$206.89M | USD | 1 Quarter |
| Silver bullion distributed for redemption of Shares(a) |
OtherSignificantNoncashTransactionValueOfConsiderationGiven1
|
$431.37M | USD | 1 Quarter |
Stockholders Equity
18 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Shareholders equity (deficit) beginning of period(a) |
StockholdersEquity
|
$6.55B | USD | Point-in-time |
| Shareholders equity (deficit) beginning of period(a) |
StockholdersEquity
|
$-1.58B | USD | Point-in-time |
| Subscriptions |
TemporaryEquityStockIssuedDuringPeriodValueNewIssues
|
$2.10B | USD | Annual |
| Subscriptions |
TemporaryEquityStockIssuedDuringPeriodValueNewIssues
|
$382.35M | USD | 1 Quarter |
| Redemptions |
ValueOfStockClassifiedAsTemporaryEquitySurrenderedDuringReportingPeriod
|
$-206.89M | USD | 1 Quarter |
| Redemptions |
ValueOfStockClassifiedAsTemporaryEquitySurrenderedDuringReportingPeriod
|
$2.03B | USD | Annual |
| Net investment loss |
OperatingIncomeLoss
|
$-8.17M | USD | 1 Quarter |
| Net realized gain from investment in silver bullion sold to pay expenses |
GainLossOnSaleOfTrustAssetsToPayExpenses
|
$-1.89M | USD | Annual |
| Net realized gain from investment in silver bullion sold to pay expenses |
GainLossOnSaleOfTrustAssetsToPayExpenses
|
$255.00K | USD | 1 Quarter |
| Net realized gain from investment in silver bullion sold to pay expenses |
GainLossOnSaleOfTrustAssetsToPayExpenses
|
$1.97M | USD | 1 Quarter |
| Net realized gain from silver bullion distributed for the redemption of Shares |
NetRealizedGainFromSilverDistributedForTheRedemptionOfShares
|
$9.75M | USD | 1 Quarter |
| Net realized gain from silver bullion distributed for the redemption of Shares |
NetRealizedGainFromSilverDistributedForTheRedemptionOfShares
|
$-131.81M | USD | Annual |
| Net change in unrealized appreciation/depreciation on investment in silver bullion |
UnrealizedGainLossOnInvestments
|
$136.06M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$137.90M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-1.95B | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$82.75M | USD | 1 Quarter |
| Adjustment of redeemable capital Shares to redemption value |
TemporaryEquityIssuePeriodIncreaseOrDecrease
|
$3.53B | USD | 1 Quarter |
| Adjustment of redeemable capital Shares to redemption value |
TemporaryEquityIssuePeriodIncreaseOrDecrease
|
$175.46M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.