ETFS White Metals Basket Trust (WITE) 10-Q 8 May 15 2015 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Mar. 31, 2015	4-May-15
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	31-Mar-15
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Entity Registrant Name	ETFS White Metals Basket Trust
Entity Central Index Key	1489024
Current Fiscal Year End Date	-19
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		650,000

Condensed_Statements_of_Assets

Condensed Statements of Assets and Liabilities (USD $)	Mar. 31, 2015		Dec. 31, 2014
Investment in Bullion
Investment in Bullion, fair value	$21,367,000		$21,863,000
Total assets	21,367,000		21,863,000
LIABILITIES
Fees payable to Sponsor	10,918		11,172
Total Liabilities	11,000		11,000
NET ASSETS	21,356,000	[1]	21,852,000	[1]
Silver [Member]
Investment in Bullion
Investment in Bullion, fair value	10,518,000		10,134,000
Platinum [Member]
Investment in Bullion
Investment in Bullion, fair value	7,154,000		7,678,000
Palladium [Member]
Investment in Bullion
Investment in Bullion, fair value	$3,695,000		$4,051,000
[1]	Authorized share capital is unlimited with no par value per Share. Shares issued and outstanding at March 31, 2015 were 650,000 and at December 31, 2014 were 650,000. Net asset value per Share at March 31, 2015 and December 31, 2014 was $32.86 and $33.62, respectively.

Condensed_Statements_of_Assets1

Condensed Statements of Assets and Liabilities (Parenthetical) (USD $)	3 Months Ended	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Investment in bullion at cost	$24,208	$24,243
Common stock, shares authorized	unlimited	unlimited
Common stock, par value	$0	$0
Common stock, shares issued	650,000	650,000
Common stock, shares outstanding	650,000	650,000
Net asset value per Share	$32.86	$33.62
Silver [Member]
Investment in bullion at cost	12,356	12,374
Platinum [Member]
Investment in bullion at cost	8,605	8,617
Palladium [Member]
Investment in bullion at cost	$3,247	$3,252

Schedule_of_Investments

Schedule of Investments (oz, USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Investment Holdings [Line Items]
Investment in Bullion (oz)	645,025.10	645,982.90
Cost	$24,208	$24,243
Fair Value	21,367	21,863
% of Net Assets	100.05%	100.05%
Silver [Member]
Investment Holdings [Line Items]
Investment in Bullion (oz)	633,619.80	634,560.70
Cost	12,356	12,374
Fair Value	10,518	10,134
% of Net Assets	49.25%	46.38%
Platinum [Member]
Investment Holdings [Line Items]
Investment in Bullion (oz)	6,336.30	6,345.70
Cost	8,605	8,617
Fair Value	7,154	7,678
% of Net Assets	33.50%	35.14%
Palladium [Member]
Investment Holdings [Line Items]
Investment in Bullion (oz)	5,069	5,076.50
Cost	3,247	3,252
Fair Value	$3,695	$4,051
% of Net Assets	17.30%	18.54%

Condensed_Statements_of_Operat

Condensed Statements of Operations (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
EXPENSES
Sponsorbs Fee	$32,740	$41,101
Total expenses	33,000	41,000
Net investment loss	-33,000	-41,000
REALIZED AND UNREALIZED GAINS / (LOSSES)
Realized gain / (loss) on Bullion transferred to pay expenses	-3,000	2,000
Change in unrealized loss on investment in Bullion	-460,000	1,102,000
Total (loss) / gain on Bullion	-463,000	1,104,000
Change in net assets from operations	($496,000)	$1,063,000
Net (decrease) / increase in net assets per Share (in Dollars per share)	($0.76)	$1.52
Weighted average number of Shares (in Shares)	650,000	700,000

Condensed_Statement_of_Changes

Condensed Statement of Changes in Net Assets (USD $)	3 Months Ended				12 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015		Mar. 31, 2014		Dec. 31, 2014
Condensed Statement of Changes in Net Assets [Abstract]
Opening balance at January 1, 2015 (in Shares)	650,000	[1]	700,000	[1]	700,000	[1]
Redemptions (in Shares)					-50,000	[1]
Closing balance at March 31, 2015 (in Shares)	650,000				650,000	[1]
Opening balance at January 1, 2015	$21,852	[1]	$26,252	[1]	$26,252	[1]
Effect of adoption of new accounting principle (see Note 2.1)					387	[1]
Net investment loss	-33		-41		-156	[1]
Realized gain (loss) on investment in Bullion	-3				200	[1]
Change in unrealized loss on investment in Bullion	-460		1,102		-2,767	[1]
Redemptions					-2,064	[1]
Closing balance at March 31, 2015	$21,356				$21,852	[1]
[1]	Effective January 1, 2014, the Trust has adopted the provisions of Topic 946, Investment Companies, and follows specialized accounting. Refer to Note 2.1 for additional information.

Financial_Highlights

Financial Highlights (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Per Share Performance (for a Share outstanding throughout the entire period)
Net asset value per Share at beginning of year	$33.62	$38.06
Income from investment operations:
Net investment loss	($0.05)	($0.06)
Total realized and unrealized gains or losses on investment in Bullion	($0.71)	$1.57
Change in net assets from operations	($0.76)	$1.51
Net asset value per Share at end of year	$32.86	$39.57
Weighted average number of Shares	650,000	700,000
Expense Ratio
Sponsor's Fee per Share	0.60%	0.60%
Net Investment Loss Ratio
Net investment loss ratio	-0.60%	-0.60%
Total Return	-2.26%	3.98%

Organization

Organization	3 Months Ended
	Mar. 31, 2015
Organization [Abstract]
Organization	1. Organization
	The ETFS White Metals Basket Trust (the “Trust”) is an investment trust formed on November 29, 2010, under New York law pursuant to a depositary trust agreement (the “Trust Agreement”) executed by ETF Securities USA LLC (the “Sponsor”) and the Bank of New York Mellon (the “Trustee”) at the time of the Trust’s organization. The Trust holds silver, platinum and palladium in set ratios (together, “Bullion”) and issues ETFS Physical WM Basket Shares (“Shares”) (in minimum blocks of 50,000 Shares, also referred to as “Baskets”) in exchange for deposits of Bullion and distributes Bullion in connection with the redemption of Baskets. Shares represent units of fractional undivided beneficial interest in and ownership of the Trust which are issued by the Trust. The Sponsor is a Delaware limited liability company and a wholly-owned subsidiary of ETF Securities Limited, a Jersey, Channel Islands based company. The Trust is governed by the Trust Agreement.
	The investment objective of the Trust is for the Shares to reflect the performance of the price of silver, platinum and palladium, less the Trust’s expenses and liabilities. The Trust is designed to provide an individual owner of beneficial interests in the Shares (a “Shareholder”) an opportunity to participate in the silver, platinum and palladium markets through an investment in securities. The fiscal year end for the Trust is December 31.
	The accompanying condensed financial statements were prepared in accordance with the accounting principles generally accepted in the United States of America for interim financial information and with the instructions for the Form 10-Q. In the opinion of management of the Sponsor, all adjustments (which consist of normal recurring adjustments) necessary to present fairly the financial position and results of operations as of and for the three months ended March 31, 2015 and for all periods presented have been made.
	Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. These condensed financial statements should be read in conjunction with the Trust’s Annual Report on Form 10-K for the fiscal year ended December 31, 2014. The results of operations for three months ended March 31, 2015 are not necessarily indicative of the operating results for the full year.

Significant_Accounting_Policie

Significant Accounting Policies	3 Months Ended
	Mar. 31, 2015
Significant Accounting Policies [Abstract]
Significant Accounting Policies	2. Significant Accounting Policies
	The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America requires those responsible for preparing financial statements to make estimates and assumptions that affect the reported amounts and disclosures. Actual results could differ from those estimates. The following is a summary of significant accounting policies followed by the Trust.
	2.1. Basis of Accounting
	At the Trust’s inception, the Sponsor determined that the Trust was not an investment company within the scope of Financial Accounting Standards Board (“FASB”) Codification of Accounting Standards, Topic 946, Financial Services—Investment Companies (“Topic 946”).  Consequently, the Trust did not prepare its financial statements applying standards applicable to investment companies in accordance with Topic 946, including recording its investment in Bullion at “fair value” as defined in Topic 946.  Instead, the Trust recorded its investment in Bullion at the lower of cost or fair value in accordance with ASC 330, Inventory and ASC 270, Interim Reporting.
	Following the release of FASB Accounting Standards Update ASU 2013-08, Financial Services—Investments Companies (Topic 946): Amendments to the Scope, Measurement and Disclosure Requirements, the Sponsor has re-evaluated whether the Trust falls within scope and has concluded that for reporting purposes, the Trust is classified as an investment company effective January 1, 2014.  The Trust is not registered as an investment company under the Investment Company Act of 1940 and is not required to register under such act.
	As a result of the change in the evaluation of investment company status, the Trust must, from January 1, 2014, present its Bullion assets at “fair value” as defined in Topic 946.
	The adoption of Topic 946 accounting changed the presentation of the Trust’s financial statements prospectively from January 1, 2014.
	The quantitative effect of the adoption of investment company accounting is presented below:
			Value at				Gain / (loss)
			31-Dec-13		Value at		as a result of
			at lower of cost		1-Jan-14		change in
	(Amounts in 000's of US$)		or market value		at fair value		accounting principle
	Bullion
	Silver		$	13,406	$	13,406	$	-
	Platinum		$	9,336	$	9,336	$	-
	Palladium		$	3,524	$	3,911	$	387
			$	26,266	$	26,653	$	387
	2.2. Valuation of Bullion
	The Trust follows the provisions of ASC 820, Fair Value Measurements and Disclosures ("ASC 820"). ASC 820 provides guidance for determining fair value and requires increased disclosure regarding the inputs to valuation techniques used to measure fair value. ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.
	Bullion is held by JPMorgan Chase Bank, N.A. (the “Custodian”), on behalf of the Trust, at its London, England vaulting premises on a segregated basis. The allocated platinum and palladium may also be held by UBS A.G., or any other firm selected by the Custodian to hold the Trust’s platinum and palladium in the Trust’s allocated account in the firm’s Zurich vault premises on a segregated basis and whose appointment has been approved by the Sponsor, (the “Zurich Sub-Custodian”). The Trust’s Bullion is recorded, per individual metal type, at fair value. The cost of Bullion is determined according to the average cost method and the fair value is based on the relevant “London Metal Price” for each metal held by the Trust.  This is the applicable “London Silver Price” for silver and for platinum and palladium the applicable “LME PM Price”.
	Since August 15, 2014, CME Group, Inc. has been conducting an electronic, over-the-counter silver bullion auction in London, England to establish a fixing price for an ounce of silver once each trading day, which is disseminated by Thomson Reuters (the “London Silver Price”).  The London Silver Price is established by the five LBMA-authorized bullion banks and market makers participating in the auction.  The “London Metal Price” for silver held by the Trust is the London Silver Price.
	Prior to August 15, 2014, the Trust utilized the “London Fix” for silver as its benchmark for silver valuation purposes. The London Fix for silver, which London Silver Market Fixing Ltd. discontinued on August 14, 2014, was the price of an ounce of silver as set by three market making members of the LBMA at approximately 12:00 noon, London time, on each London business day and was widely accepted among silver market participants.
	Since December 1, 2014, the London Metal Exchange (“LME”) has been responsible for the administration of the electronic platinum and palladium bullion price fixing system (“LMEbullion”) that replicates electronically the manual London platinum and palladium fixing processes previously employed by the London Platinum and Palladium Fixing Company Ltd (“LPPFCL”) as well as providing electronic market clearing processes for platinum and palladium bullion transactions at the fixed prices established by the LME pricing mechanism. The LME’s electronic price fixing processes, like the previous London platinum and palladium fix processes, establishes and publishes fixed prices for troy ounces of platinum and palladium twice each London trading day during fixing sessions beginning at 9:45 a.m. London time (the LME AM Fix) and 2:00 p.m. London time (the LME PM Fix).
	Prior to December 1, 2014, the Trust utilized the London PM Fix as its benchmark for valuation purposes. The London PM Fix for platinum and palladium was the price of an ounce of platinum or palladium (respectively) as set by four fixing members of the London Platinum and Palladium Market (“LPPM”) at approximately 2:00 PM, London time, on each working day and was widely accepted among platinum and palladium market participants. The London PM Fix was discontinued on November 30, 2014.
	Once the value of Bullion has been determined, the net asset value (the “NAV”) is computed by the Trustee by deducting all accrued fees, expenses and other liabilities of the Trust, including the remuneration due to the Sponsor (the “Sponsor’s Fee”), from the fair value of the Bullion and all other assets held by the Trust.
	The Trust recognizes changes in fair value of the investment in Bullion as changes in unrealized gains or losses on investment in Bullion through the Statement of Operations.
	Realized gains and losses on transfers of Bullion, or Bullion distributed for the redemption of Shares, are calculated on a trade date basis using cost.
	2.2. Valuation of Bullion (continued)
	The per Share amount of Bullion exchanged for a purchase or redemption is calculated daily by the Trustee, using the London Metal Price for each metal held by the Trust to calculate the Bullion amount in respect of any liabilities for which covering Bullion sales have not yet been made, and represents the per Share amount of Bullion held by the Trust, after giving effect to its liabilities, to cover expenses and liabilities and any losses that may have occurred.
	Fair Value Hierarchy
	Generally accepted accounting principles establish a hierarchy that prioritizes inputs to valuation techniques used to measure fair value. The three levels of inputs are as follows:
	·	Level 1.	Unadjusted quoted prices in active markets for identical assets or liabilities that the company has the ability to access.
	·	Level 2.	Observable inputs other than quoted prices included in level 1 that are observable for the asset or liability either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments and similar data.
	·	Level 3.	Unobservable inputs for the asset or liability to the extent that relevant observable inputs are not available, representing the company’s own assumptions about the assumptions that a market participant would use in valuing the asset or liability, and that would be based on the best information available.
	To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in level 3.
	The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety is determined based on the lowest level input that is significant to the fair value measurement in its entirety.
	The investment in Bullion is classified as a level 2 asset, as the Trust’s investment in Bullion is calculated using third party pricing sources supported by observable, verifiable inputs.
	The categorization of the Trust’s assets is as shown below:
	(Amounts in 000's of US$)		31-Mar-15		31-Dec-14
	Level 2
	Investment in Bullion		$	21,367	$	21,863
	There were no transfers between levels during the period ended March 31, 2015 and the year ended December 31, 2014.
	2.3. Bullion Receivable and Payable
	Bullion receivable or payable represents the quantity of Bullion covered by contractually binding orders for the creation or redemption of Shares respectively, where the Bullion has not yet been transferred to or from the Trust’s account. Generally, ownership of the Bullion is transferred within three business days of the trade date.
	There was no Bullion receivable or payable at March 31, 2015 and December 31, 2014
	2.4. Creations and Redemptions of Shares
	The Trust’s contractual obligation is to create or redeem Baskets with Authorized Participants (as defined below) at set prices on each trading day.  These prices are based on an agreed formula published in the prospectus, which is equal to the NAV of the Trust.  The Trust expects to create and redeem Shares from time to time, but only in one or more Baskets. The Trust issues Shares in Baskets to Authorized Participants on an ongoing basis. Individual investors cannot purchase or redeem Shares in direct transactions with the Trust. An Authorized Participant is a person who (1) is a registered broker-dealer or other securities market participant such as a bank or other financial institution which is not required to register as a broker-dealer to engage in securities transactions, (2) is a participant in The Depository Trust Company, (3) has entered into an Authorized Participant Agreement with the Trustee and the Sponsor, and (4) has established an Authorized Participant Unallocated Account with the Trust’s Custodian or other Bullion clearing bank. An Authorized Participant Agreement is an agreement entered into by each Authorized Participant, the Sponsor and the Trustee which provides the procedures for the creation and redemption of Baskets and for the delivery of the Bullion required for such creations and redemptions. An Authorized Participant Unallocated Account is an unallocated Bullion account, either loco London or loco Zurich, established with the Custodian or a Bullion clearing bank by an Authorized Participant.
	The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of Bullion represented by the Baskets being created or redeemed, the amount of which is based on the combined NAV of the number of Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.
	The amount of Bullion represented by the Baskets created or redeemed can only be settled to the nearest 1/1000th of an ounce per individual metal type. As a result, the value attributed to the creation or redemption of Shares may differ from the value of Bullion to be delivered or distributed by the Trust. In order to ensure that the correct amount of Bullion is available at all times to back the Shares, the Sponsor accepts an adjustment to its management fees in the event of any shortfall or excess. For each transaction, this amount is not more than 1/1000th of an ounce per individual metal type.
	Authorized Participants may, on any business day, place an order with the Trustee to create or redeem one or more Baskets. The typical settlement period for Shares is three business days. In the event of a trade date at period end, where a settlement is pending, a respective account receivable and/or payable will be recorded. When Bullion is exchanged in settlement of a redemption, it is considered a sale of Bullion for financial statement purposes.
	The Shares of the Trust are classified as “Redeemable Shares” for financial statement purposes, since they are subject to redemption at the option of Authorized Participants. Outstanding Shares are reflected at redemption value, which represents the maximum obligation (based on NAV per Share), with the difference from historical cost recorded as an offsetting amount to retained earnings. When Bullion is exchanged in settlement of a redemption, a realized gain or loss in the amount of the difference between the fair value on the trade date and the historical cost is recorded through the Condensed Statement of Operations.
	2.5. Income Taxes
	The Trust is classified as a “grantor trust” for U.S. federal income tax purposes. As a result, the Trust itself will not be subject to U.S. federal income tax. Instead, the Trust’s income and expenses will “flow through” to the Shareholders, and the Trustee will report the Trust’s proceeds, income, deductions, gains, and losses to the Internal Revenue Service on that basis.
	The Sponsor has evaluated whether or not there are uncertain tax positions that require financial statement recognition and has determined that no reserves for uncertain tax positions are required as of March 31, 2015 and December 31, 2014.
	2.6. Investment in Bullion
	Changes in ounces of Bullion and the respective values for the three months ended March 31, 2015 and for the year ended December 31, 2014 are set out below:
	(Amounts in 000's of US$, except for ounces data)		Three Months Ended March 31, 2015
	Ounces of Bullion		Silver		Platinum		Palladium		Total
	Opening balance			634,560.7		6,345.7		5,076.5		645,982.9
	Transfers of Bullion to pay expenses			-940.9		-9.4		-7.5		-957.8
	Closing balance			633,619.8		6,336.3		5,069.0		645,025.1
	Investment in Bullion
	Opening balance		$	10,134	$	7,678	$	4,051	$	21,863
	Transfers of Bullion to pay expenses			-16		-11		-6		-33
Realized (loss) / gain on Bullion transferred to pay expenses			-3		-1		1		-3
Change in unrealized gain / (loss) on investment in Bullion			403		-512		-351		-460
Closing balance		$	10,518	$	7,154	$	3,695	$	21,367
(Amounts in 000's of US$, except for ounces data)		31-Dec-14
Ounces of Bullion		Silver		Platinum		Palladium		Total
Opening balance			687,498.1		6,875.1		5,500.0		699,873.2
Redemptions			-48,938.90		-489.4		-391.5		-49,819.80
Transfers of Bullion to pay expenses			-3,998.50		-40		-32		-4,070.50
Closing balance			634,560.7		6,345.7		5,076.5		645,982.9
Investment in Bullion
Opening balance		$	13,406	$	9,336	$	3,911	$	26,653
Redemptions			-1,019		-718		-327		-2,064
Realized gain on Bullion distributed for the redemption of Shares			65		53		76		194
Transfers of Bullion to pay expenses			-77		-56		-26		-159
Realized (loss) / gain on Bullion transferred to pay expenses			-1		2		5		6
Change in unrealized (loss) / gain on investment in Bullion			-2,240		-939		412		-2,767
Closing balance		$	10,134	$	7,678	$	4,051	$	21,863
2.7.  Expenses / Realized Gains / Losses
The primary expense of the Trust is the Sponsor’s Fee, which is paid by the Trust through in-kind transfers of Bullion to the Sponsor.
The Trust will transfer Bullion to the Sponsor to pay the Sponsor’s Fee that will accrue daily at an annualized rate equal to 0.60% of the adjusted net asset value (the “ANAV”) of the Trust, paid monthly in arrears.
The Sponsor has agreed to assume administrative and marketing expenses incurred by the Trust, including the Trustee’s monthly fee and out of pocket expenses, the Custodian’s fee and the reimbursement of the Custodian’s expenses, exchange listing fees, United States Securities and Exchange Commission (the “SEC”) registration fees, printing and mailing costs, audit fees and certain legal expenses.
For the three months ended March 31, 2015 and 2014 the Sponsor’s Fee was $32,740 and $41,101, respectively.
At March 31, 2015 and at December 31, 2014, the fees payable to the Sponsor were $10,918 and $11,172, respectively.
With respect to expenses not otherwise assumed by the Sponsor, the Trustee will, at the direction of the Sponsor or in its own discretion, sell the Trust’s Bullion as necessary to pay these expenses. When selling Bullion to pay expenses, the Trustee will endeavor to sell the smallest amounts of Bullion needed to pay these expenses in order to minimize the Trust’s holdings of assets other than Bullion.  Other than the Sponsor’s Fee, the Trust had no expenses during the quarters ended March 31, 2015 and 2014.
Unless otherwise directed by the Sponsor, when selling Bullion the Trustee will endeavor to sell at the price established by the London Metal Price for each metal held by the Trust. The Trustee will place orders with dealers (which may include the Custodian) through which the Trustee expects to receive the most favorable price and execution of orders. The Custodian may be the purchaser of such Bullion only if the sale transaction is made at the London Metal Price for each metal held by the Trust used by the Trustee to value the Trust’s Bullion. A gain or loss is recognized based on the difference between the selling price and the cost of the Bullion sold. Neither the Trustee nor the Sponsor is liable for depreciation or loss incurred by reason of any sale.
Revenues consist of realized gains / losses resulting from the transfer of Bullion for Share redemptions and / or to pay expenses.  Realized gains / losses are recognized on a trade date basis.
2.8. Subsequent Events
In accordance with the provisions set forth in FASB ASC 855-10, Subsequent Events, the Trust’s management has evaluated the possibility of subsequent events existing in the Trust’s financial statements through the filing date. During this period, no material subsequent events requiring adjustment to or disclosure in the financial statements were identified.

Related_Parties

Related Parties	3 Months Ended
	Mar. 31, 2015
Related Parties [Abstract]
Related Parties	3. Related Parties
	The Sponsor and the Trustee are considered to be related parties to the Trust. The Trustee’s and Custodian’s fees are paid by the Sponsor and are not separate expenses of the Trust. The Trustee and the Custodian and their affiliates may from time to time act as Authorized Participants and purchase or sell Shares for their own account, as agent for their customers and for accounts over which they exercise investment discretion.  In addition the Trustee and the Custodian and their affiliates may from time to time purchase or sell Bullion directly, for their own account, as agent for their customers and for accounts over which they exercise investment discretion.

Concentration_Of_Risk

Concentration Of Risk	3 Months Ended
	Mar. 31, 2015
Concentration Of Risk [Abstract]
Concentration Of Risk	4. Concentration of Risk
	The Trust’s sole business activity is the investment in Bullion, and substantially all the Trust’s assets are holdings of Bullion which creates a concentration risk associated with fluctuations in the price of Bullion. Several factors could affect the price of Bullion, including: (i) global Bullion supply and demand, which is influenced by factors such as general changes in economic conditions, such as a recession or other economic downturn, recycling, autocatalyst demand, industrial demand, jewelry demand and investment demand, and production and cost levels in major Bullion-producing countries; (ii) investors’ expectations with respect to the rate of inflation; (iii) currency exchange rates; (iv) interest rates; (v) investment and trading activities of hedge funds and commodity funds; and (vi) global or regional political, economic or financial events and situations. In addition, there is no assurance that Bullion will maintain its long-term value in terms of purchasing power in the future. In the event that the price of Bullion declines, the Sponsor expects the value of an investment in the Shares to decline proportionately. Each of these events could have a material effect on the Trust’s financial position and results of operations.

Indemnification

Indemnification	3 Months Ended
	Mar. 31, 2015
Indemnification [Abstract]
Indemnification	5. Indemnification
	Under the Trust’s organizational documents, the Trustee (and its directors, employees and agents) and the Sponsor (and its members, managers, directors, officers, employees and affiliates) are indemnified by the Trust against any liability, cost or expense it incurs without gross negligence, bad faith or willful misconduct on its part and without reckless disregard on its part of its obligations and duties under the Trust’s organizational documents. The Trust’s maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the Trust that have not yet occurred.

Significant_Accounting_Policie1

Significant Accounting Policies (Policy)	3 Months Ended
	Mar. 31, 2015
Significant Accounting Policies [Abstract]
Basis Of Accounting	2.1. Basis of Accounting
	At the Trust’s inception, the Sponsor determined that the Trust was not an investment company within the scope of Financial Accounting Standards Board (“FASB”) Codification of Accounting Standards, Topic 946, Financial Services—Investment Companies (“Topic 946”).  Consequently, the Trust did not prepare its financial statements applying standards applicable to investment companies in accordance with Topic 946, including recording its investment in Bullion at “fair value” as defined in Topic 946.  Instead, the Trust recorded its investment in Bullion at the lower of cost or fair value in accordance with ASC 330, Inventory and ASC 270, Interim Reporting.
	Following the release of FASB Accounting Standards Update ASU 2013-08, Financial Services—Investments Companies (Topic 946): Amendments to the Scope, Measurement and Disclosure Requirements, the Sponsor has re-evaluated whether the Trust falls within scope and has concluded that for reporting purposes, the Trust is classified as an investment company effective January 1, 2014.  The Trust is not registered as an investment company under the Investment Company Act of 1940 and is not required to register under such act.
	As a result of the change in the evaluation of investment company status, the Trust must, from January 1, 2014, present its Bullion assets at “fair value” as defined in Topic 946.
	The adoption of Topic 946 accounting changed the presentation of the Trust’s financial statements prospectively from January 1, 2014.
	The quantitative effect of the adoption of investment company accounting is presented below:
			Value at				Gain / (loss)
			31-Dec-13		Value at		as a result of
			at lower of cost		1-Jan-14		change in
	(Amounts in 000's of US$)		or market value		at fair value		accounting principle
	Bullion
	Silver		$	13,406	$	13,406	$	-
	Platinum		$	9,336	$	9,336	$	-
	Palladium		$	3,524	$	3,911	$	387
			$	26,266	$	26,653	$	387
Valuation Of Bullion	2.2. Valuation of Bullion
	The Trust follows the provisions of ASC 820, Fair Value Measurements and Disclosures ("ASC 820"). ASC 820 provides guidance for determining fair value and requires increased disclosure regarding the inputs to valuation techniques used to measure fair value. ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.
	Bullion is held by JPMorgan Chase Bank, N.A. (the “Custodian”), on behalf of the Trust, at its London, England vaulting premises on a segregated basis. The allocated platinum and palladium may also be held by UBS A.G., or any other firm selected by the Custodian to hold the Trust’s platinum and palladium in the Trust’s allocated account in the firm’s Zurich vault premises on a segregated basis and whose appointment has been approved by the Sponsor, (the “Zurich Sub-Custodian”). The Trust’s Bullion is recorded, per individual metal type, at fair value. The cost of Bullion is determined according to the average cost method and the fair value is based on the relevant “London Metal Price” for each metal held by the Trust.  This is the applicable “London Silver Price” for silver and for platinum and palladium the applicable “LME PM Price”.
	Since August 15, 2014, CME Group, Inc. has been conducting an electronic, over-the-counter silver bullion auction in London, England to establish a fixing price for an ounce of silver once each trading day, which is disseminated by Thomson Reuters (the “London Silver Price”).  The London Silver Price is established by the five LBMA-authorized bullion banks and market makers participating in the auction.  The “London Metal Price” for silver held by the Trust is the London Silver Price.
	Prior to August 15, 2014, the Trust utilized the “London Fix” for silver as its benchmark for silver valuation purposes. The London Fix for silver, which London Silver Market Fixing Ltd. discontinued on August 14, 2014, was the price of an ounce of silver as set by three market making members of the LBMA at approximately 12:00 noon, London time, on each London business day and was widely accepted among silver market participants.
	Since December 1, 2014, the London Metal Exchange (“LME”) has been responsible for the administration of the electronic platinum and palladium bullion price fixing system (“LMEbullion”) that replicates electronically the manual London platinum and palladium fixing processes previously employed by the London Platinum and Palladium Fixing Company Ltd (“LPPFCL”) as well as providing electronic market clearing processes for platinum and palladium bullion transactions at the fixed prices established by the LME pricing mechanism. The LME’s electronic price fixing processes, like the previous London platinum and palladium fix processes, establishes and publishes fixed prices for troy ounces of platinum and palladium twice each London trading day during fixing sessions beginning at 9:45 a.m. London time (the LME AM Fix) and 2:00 p.m. London time (the LME PM Fix).
	Prior to December 1, 2014, the Trust utilized the London PM Fix as its benchmark for valuation purposes. The London PM Fix for platinum and palladium was the price of an ounce of platinum or palladium (respectively) as set by four fixing members of the London Platinum and Palladium Market (“LPPM”) at approximately 2:00 PM, London time, on each working day and was widely accepted among platinum and palladium market participants. The London PM Fix was discontinued on November 30, 2014.
	Once the value of Bullion has been determined, the net asset value (the “NAV”) is computed by the Trustee by deducting all accrued fees, expenses and other liabilities of the Trust, including the remuneration due to the Sponsor (the “Sponsor’s Fee”), from the fair value of the Bullion and all other assets held by the Trust.
	The Trust recognizes changes in fair value of the investment in Bullion as changes in unrealized gains or losses on investment in Bullion through the Statement of Operations.
	Realized gains and losses on transfers of Bullion, or Bullion distributed for the redemption of Shares, are calculated on a trade date basis using cost.
	2.2. Valuation of Bullion (continued)
	The per Share amount of Bullion exchanged for a purchase or redemption is calculated daily by the Trustee, using the London Metal Price for each metal held by the Trust to calculate the Bullion amount in respect of any liabilities for which covering Bullion sales have not yet been made, and represents the per Share amount of Bullion held by the Trust, after giving effect to its liabilities, to cover expenses and liabilities and any losses that may have occurred.
	Fair Value Hierarchy
	Generally accepted accounting principles establish a hierarchy that prioritizes inputs to valuation techniques used to measure fair value. The three levels of inputs are as follows:
	·	Level 1.	Unadjusted quoted prices in active markets for identical assets or liabilities that the company has the ability to access.
	·	Level 2.	Observable inputs other than quoted prices included in level 1 that are observable for the asset or liability either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments and similar data.
	·	Level 3.	Unobservable inputs for the asset or liability to the extent that relevant observable inputs are not available, representing the company’s own assumptions about the assumptions that a market participant would use in valuing the asset or liability, and that would be based on the best information available.
	To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in level 3.
	The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety is determined based on the lowest level input that is significant to the fair value measurement in its entirety.
	The investment in Bullion is classified as a level 2 asset, as the Trust’s investment in Bullion is calculated using third party pricing sources supported by observable, verifiable inputs.
	The categorization of the Trust’s assets is as shown below:
	(Amounts in 000's of US$)		31-Mar-15		31-Dec-14
	Level 2
	Investment in Bullion		$	21,367	$	21,863
	There were no transfers between levels during the period ended March 31, 2015 and the year ended December 31, 2014.
Bullion Receivable And Payable	2.3. Bullion Receivable and Payable
	Bullion receivable or payable represents the quantity of Bullion covered by contractually binding orders for the creation or redemption of Shares respectively, where the Bullion has not yet been transferred to or from the Trust’s account. Generally, ownership of the Bullion is transferred within three business days of the trade date.
	There was no Bullion receivable or payable at March 31, 2015 and December 31, 2014
Creations And Redemptions Of Shares	2.4. Creations and Redemptions of Shares
	The Trust’s contractual obligation is to create or redeem Baskets with Authorized Participants (as defined below) at set prices on each trading day.  These prices are based on an agreed formula published in the prospectus, which is equal to the NAV of the Trust.  The Trust expects to create and redeem Shares from time to time, but only in one or more Baskets. The Trust issues Shares in Baskets to Authorized Participants on an ongoing basis. Individual investors cannot purchase or redeem Shares in direct transactions with the Trust. An Authorized Participant is a person who (1) is a registered broker-dealer or other securities market participant such as a bank or other financial institution which is not required to register as a broker-dealer to engage in securities transactions, (2) is a participant in The Depository Trust Company, (3) has entered into an Authorized Participant Agreement with the Trustee and the Sponsor, and (4) has established an Authorized Participant Unallocated Account with the Trust’s Custodian or other Bullion clearing bank. An Authorized Participant Agreement is an agreement entered into by each Authorized Participant, the Sponsor and the Trustee which provides the procedures for the creation and redemption of Baskets and for the delivery of the Bullion required for such creations and redemptions. An Authorized Participant Unallocated Account is an unallocated Bullion account, either loco London or loco Zurich, established with the Custodian or a Bullion clearing bank by an Authorized Participant.
	The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of Bullion represented by the Baskets being created or redeemed, the amount of which is based on the combined NAV of the number of Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.
	The amount of Bullion represented by the Baskets created or redeemed can only be settled to the nearest 1/1000th of an ounce per individual metal type. As a result, the value attributed to the creation or redemption of Shares may differ from the value of Bullion to be delivered or distributed by the Trust. In order to ensure that the correct amount of Bullion is available at all times to back the Shares, the Sponsor accepts an adjustment to its management fees in the event of any shortfall or excess. For each transaction, this amount is not more than 1/1000th of an ounce per individual metal type.
	Authorized Participants may, on any business day, place an order with the Trustee to create or redeem one or more Baskets. The typical settlement period for Shares is three business days. In the event of a trade date at period end, where a settlement is pending, a respective account receivable and/or payable will be recorded. When Bullion is exchanged in settlement of a redemption, it is considered a sale of Bullion for financial statement purposes.
	The Shares of the Trust are classified as “Redeemable Shares” for financial statement purposes, since they are subject to redemption at the option of Authorized Participants. Outstanding Shares are reflected at redemption value, which represents the maximum obligation (based on NAV per Share), with the difference from historical cost recorded as an offsetting amount to retained earnings. When Bullion is exchanged in settlement of a redemption, a realized gain or loss in the amount of the difference between the fair value on the trade date and the historical cost is recorded through the Condensed Statement of Operations.
Income Taxes
	2.5. Income Taxes
	The Trust is classified as a “grantor trust” for U.S. federal income tax purposes. As a result, the Trust itself will not be subject to U.S. federal income tax. Instead, the Trust’s income and expenses will “flow through” to the Shareholders, and the Trustee will report the Trust’s proceeds, income, deductions, gains, and losses to the Internal Revenue Service on that basis.
	The Sponsor has evaluated whether or not there are uncertain tax positions that require financial statement recognition and has determined that no reserves for uncertain tax positions are required as of March 31, 2015 and December 31, 2014.
Investment In Bullion	2.6. Investment in Bullion
	Changes in ounces of Bullion and the respective values for the three months ended March 31, 2015 and for the year ended December 31, 2014 are set out below:
	(Amounts in 000's of US$, except for ounces data)		Three Months Ended March 31, 2015
	Ounces of Bullion		Silver		Platinum		Palladium		Total
	Opening balance			634,560.7		6,345.7		5,076.5		645,982.9
	Transfers of Bullion to pay expenses			-940.9		-9.4		-7.5		-957.8
	Closing balance			633,619.8		6,336.3		5,069.0		645,025.1
	Investment in Bullion
	Opening balance		$	10,134	$	7,678	$	4,051	$	21,863
	Transfers of Bullion to pay expenses			-16		-11		-6		-33
	Realized (loss) / gain on Bullion transferred to pay expenses			-3		-1		1		-3
	Change in unrealized gain / (loss) on investment in Bullion			403		-512		-351		-460
	Closing balance		$	10,518	$	7,154	$	3,695	$	21,367
	(Amounts in 000's of US$, except for ounces data)		31-Dec-14
	Ounces of Bullion		Silver		Platinum		Palladium		Total
	Opening balance			687,498.1		6,875.1		5,500.0		699,873.2
	Redemptions			-48,938.90		-489.4		-391.5		-49,819.80
	Transfers of Bullion to pay expenses			-3,998.50		-40		-32		-4,070.50
	Closing balance			634,560.7		6,345.7		5,076.5		645,982.9
	Investment in Bullion
	Opening balance		$	13,406	$	9,336	$	3,911	$	26,653
	Redemptions			-1,019		-718		-327		-2,064
	Realized gain on Bullion distributed for the redemption of Shares			65		53		76		194
	Transfers of Bullion to pay expenses			-77		-56		-26		-159
	Realized (loss) / gain on Bullion transferred to pay expenses			-1		2		5		6
	Change in unrealized (loss) / gain on investment in Bullion			-2,240		-939		412		-2,767
	Closing balance		$	10,134	$	7,678	$	4,051	$	21,863
Expenses / Realized Gains / Losses	2.7.  Expenses / Realized Gains / Losses
	The primary expense of the Trust is the Sponsor’s Fee, which is paid by the Trust through in-kind transfers of Bullion to the Sponsor.
	The Trust will transfer Bullion to the Sponsor to pay the Sponsor’s Fee that will accrue daily at an annualized rate equal to 0.60% of the adjusted net asset value (the “ANAV”) of the Trust, paid monthly in arrears.
	The Sponsor has agreed to assume administrative and marketing expenses incurred by the Trust, including the Trustee’s monthly fee and out of pocket expenses, the Custodian’s fee and the reimbursement of the Custodian’s expenses, exchange listing fees, United States Securities and Exchange Commission (the “SEC”) registration fees, printing and mailing costs, audit fees and certain legal expenses.
	For the three months ended March 31, 2015 and 2014 the Sponsor’s Fee was $32,740 and $41,101, respectively.
	At March 31, 2015 and at December 31, 2014, the fees payable to the Sponsor were $10,918 and $11,172, respectively.
	With respect to expenses not otherwise assumed by the Sponsor, the Trustee will, at the direction of the Sponsor or in its own discretion, sell the Trust’s Bullion as necessary to pay these expenses. When selling Bullion to pay expenses, the Trustee will endeavor to sell the smallest amounts of Bullion needed to pay these expenses in order to minimize the Trust’s holdings of assets other than Bullion.  Other than the Sponsor’s Fee, the Trust had no expenses during the quarters ended March 31, 2015 and 2014.
	Unless otherwise directed by the Sponsor, when selling Bullion the Trustee will endeavor to sell at the price established by the London Metal Price for each metal held by the Trust. The Trustee will place orders with dealers (which may include the Custodian) through which the Trustee expects to receive the most favorable price and execution of orders. The Custodian may be the purchaser of such Bullion only if the sale transaction is made at the London Metal Price for each metal held by the Trust used by the Trustee to value the Trust’s Bullion. A gain or loss is recognized based on the difference between the selling price and the cost of the Bullion sold. Neither the Trustee nor the Sponsor is liable for depreciation or loss incurred by reason of any sale.
	Revenues consist of realized gains / losses resulting from the transfer of Bullion for Share redemptions and / or to pay expenses.  Realized gains / losses are recognized on a trade date basis.
Subsequent Events	2.8. Subsequent Events
	In accordance with the provisions set forth in FASB ASC 855-10, Subsequent Events, the Trust’s management has evaluated the possibility of subsequent events existing in the Trust’s financial statements through the filing date. During this period, no material subsequent events requiring adjustment to or disclosure in the financial statements were identified

Significant_Accounting_Policie2

Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2015
Significant Accounting Policies [Abstract]
Quantitative Effect Of Adoption Of Investment Company Accounting
		Value at				Gain / (loss)
		31-Dec-13		Value at		as a result of
		at lower of cost		1-Jan-14		change in
	(Amounts in 000's of US$)	or market value		at fair value		accounting principle
	Bullion
	Silver	$	13,406	$	13,406	$	-
	Platinum	$	9,336	$	9,336	$	-
	Palladium	$	3,524	$	3,911	$	387
		$	26,266	$	26,653	$	387
Categorization Of The Trust's Assets
	(Amounts in 000's of US$)	31-Mar-15		31-Dec-14
	Level 2
	Investment in Bullion	$	21,367	$	21,863
Schedule Of Investment In Bullion
	(Amounts in 000's of US$, except for ounces data)	Three Months Ended March 31, 2015
	Ounces of Bullion	Silver		Platinum		Palladium		Total
	Opening balance		634,560.7		6,345.7		5,076.5		645,982.9
	Transfers of Bullion to pay expenses		-940.9		-9.4		-7.5		-957.8
	Closing balance		633,619.8		6,336.3		5,069.0		645,025.1
	Investment in Bullion
	Opening balance	$	10,134	$	7,678	$	4,051	$	21,863
	Transfers of Bullion to pay expenses		-16		-11		-6		-33
	Realized (loss) / gain on Bullion transferred to pay expenses		-3		-1		1		-3
	Change in unrealized gain / (loss) on investment in Bullion		403		-512		-351		-460
	Closing balance	$	10,518	$	7,154	$	3,695	$	21,367
	(Amounts in 000's of US$, except for ounces data)	31-Dec-14
	Ounces of Bullion	Silver		Platinum		Palladium		Total
	Opening balance		687,498.1		6,875.1		5,500.0		699,873.2
	Redemptions		-48,938.90		-489.4		-391.5		-49,819.80
	Transfers of Bullion to pay expenses		-3,998.50		-40		-32		-4,070.50
	Closing balance		634,560.7		6,345.7		5,076.5		645,982.9
	Investment in Bullion
	Opening balance	$	13,406	$	9,336	$	3,911	$	26,653
	Redemptions		-1,019		-718		-327		-2,064
	Realized gain on Bullion distributed for the redemption of Shares		65		53		76		194
	Transfers of Bullion to pay expenses		-77		-56		-26		-159
	Realized (loss) / gain on Bullion transferred to pay expenses		-1		2		5		6
	Change in unrealized (loss) / gain on investment in Bullion		-2,240		-939		412		-2,767
	Closing balance	$	10,134	$	7,678	$	4,051	$	21,863

Organization_Details

Organization (Details)	3 Months Ended
	Mar. 31, 2015
Organization [Abstract]
Minimum block of shares issued redeemed against bullion	50,000

Significant_Accounting_Policie3

Significant Accounting Policies (Narrative) (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Significant Accounting Policies [Abstract]
Bullion receivable at market value	$0		$0
Bullion payable at market value	0		0
Reserve for uncertain tax positions	0		0
Annualized rate of Sponsors Fee	0.60%	0.60%
Sponsor Fees	32,740	41,101
Fees payable to Sponsor	10,918		11,172
All other expenses	$0	$0

Significant_Accounting_Policie4

Significant Accounting Policies (Quantitative Effect Of Adoption Of Investment Company Accounting) (Details) (USD $)	0 Months Ended
In Thousands, unless otherwise specified	Jan. 01, 2014	Mar. 31, 2015	Dec. 31, 2014	Jan. 01, 2014	Dec. 31, 2013
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Value at December 31, 2013 at lower of cost or market value					$26,266
Value at January 1, 2014	26,653	21,367	21,863	26,653	26,653
Gain / (loss) as a result of change in accounting treatment	387
Silver [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Value at December 31, 2013 at lower of cost or market value					13,406
Value at January 1, 2014	13,406	10,518	10,134	13,406	13,406
Gain / (loss) as a result of change in accounting treatment	0
Platinum [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Value at December 31, 2013 at lower of cost or market value					9,336
Value at January 1, 2014	9,336	7,154	7,678	9,336	9,336
Gain / (loss) as a result of change in accounting treatment	0
Palladium [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Value at December 31, 2013 at lower of cost or market value					3,524
Value at January 1, 2014	3,911	3,695	4,051	3,911	3,911
Gain / (loss) as a result of change in accounting treatment	$387

Significant_Accounting_Policie5

Significant Accounting Policies (Categorization Of The Trust's Assets) (Details) (Fair Value, Inputs, Level 2 [Member], USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment in Bullion	$21,367	$21,863

Significant_Accounting_Policie6

Significant Accounting Policies (Schedule Of Investment In Bullion) (Details) (USD $)	3 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
	oz	oz	oz
Bullion [Line Items]
Opening balance (in Ounces)	645,982.90	699,873.20	699,873.20
Redemptions (in Ounces)			-49,819.80
Transfers of Bullion to pay expenses (in Ounces)	-957.8		-4,070.50
Closing balance (in Ounces)	645,025.10		645,982.90
Investment in Bullion, fair value, opening balance	$21,863	$26,653	$26,653
Redemptions			-2,064
Realized (loss) / gain on Bullion distributed for redemptions			194
Transfers of Bullion to pay expenses	-33		-159
Realized (loss) / gain on Bullion transferred to pay expenses	-3	2	6
Unrealized (loss) / gain on investment in Bullion	-460	1,102	-2,767	[1]
Investment in Bullion, fair value, closing balance	21,367		21,863
Silver [Member]
Bullion [Line Items]
Opening balance (in Ounces)	634,560.70	687,498.10	687,498.10
Redemptions (in Ounces)			-48,938.90
Transfers of Bullion to pay expenses (in Ounces)	-940.9		-3,998.50
Closing balance (in Ounces)	633,619.80		634,560.70
Investment in Bullion, fair value, opening balance	10,134	13,406	13,406
Redemptions			-1,019
Realized (loss) / gain on Bullion distributed for redemptions			65
Transfers of Bullion to pay expenses	-16		-77
Realized (loss) / gain on Bullion transferred to pay expenses	-3		-1
Unrealized (loss) / gain on investment in Bullion	403		-2,240
Investment in Bullion, fair value, closing balance	10,518		10,134
Platinum [Member]
Bullion [Line Items]
Opening balance (in Ounces)	6,345.70	6,875.10	6,875.10
Redemptions (in Ounces)			-489.4
Transfers of Bullion to pay expenses (in Ounces)	-9.4		-40
Closing balance (in Ounces)	6,336.30		6,345.70
Investment in Bullion, fair value, opening balance	7,678	9,336	9,336
Redemptions			-718
Realized (loss) / gain on Bullion distributed for redemptions			53
Transfers of Bullion to pay expenses	-11		-56
Realized (loss) / gain on Bullion transferred to pay expenses	-1		2
Unrealized (loss) / gain on investment in Bullion	-512		-939
Investment in Bullion, fair value, closing balance	7,154		7,678
Palladium [Member]
Bullion [Line Items]
Opening balance (in Ounces)	5,076.50	5,500	5,500
Redemptions (in Ounces)			-391.5
Transfers of Bullion to pay expenses (in Ounces)	-7.5		-32
Closing balance (in Ounces)	5,069		5,076.50
Investment in Bullion, fair value, opening balance	4,051	3,911	3,911
Redemptions			-327
Realized (loss) / gain on Bullion distributed for redemptions			76
Transfers of Bullion to pay expenses	-6		-26
Realized (loss) / gain on Bullion transferred to pay expenses	1		5
Unrealized (loss) / gain on investment in Bullion	-351		412
Investment in Bullion, fair value, closing balance	$3,695		$4,051
[1]	Effective January 1, 2014, the Trust has adopted the provisions of Topic 946, Investment Companies, and follows specialized accounting. Refer to Note 2.1 for additional information.