PSLV / Sprott Physical Silver Trust - Документы SEC, Годовой отчет, Доверенное заявление

Sprott Physical Silver Trust
US ˙ ARCA ˙ CA85207K1075

Основная статистика
CIK 1494728
SEC Filings
All companies that sell securities in the United States must register with the Securities and Exchange Commission (SEC) and file reports on a regular basis. These reports include company annual reports (10K, 10Q), news updates (8K), investor presentations (found in 8Ks), insider trades (form 4), ownership reports (13D, and 13G), and reports related to the specific securities sold, such as registration statements and prospectus. This page shows recent SEC filings related to Sprott Physical Silver Trust
SEC Filings (Chronological Order)
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August 15, 2025 EX-99.1

PORTFOLIO ALLOCATION

silver-fs063025 SPROTT PHYSICAL SILVER TRUST 6-K Exhibit 99.1 Interim Report to Unitholders June 30, 2025 2 Table of Contents Interim Management Report of Fund Performance 3 Interim Financial Statements 7 The interim management report of fund performance is an analysis and explanation that is designed to complement and supplement an investment fund’s interim financial statements. A copy of the int

August 15, 2025 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of August 2025 Commission File Number: 001-34928

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of August 2025 Commission File Number: 001-34928 SPROTT PHYSICAL SILVER TRUST (Translation of registrant’s name into English) Suite 2600, South Tower, Royal Bank Plaza, 200 Bay Street, Toronto, Ontar

May 15, 2025 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of May 2025 Commission File Number: 001-34928 SPR

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of May 2025 Commission File Number: 001-34928 SPROTT PHYSICAL SILVER TRUST (Translation of registrant’s name into English) Suite 2600, South Tower Royal Bank Plaza 200 Bay Street Toronto, Ontario Can

May 15, 2025 EX-99.1

PORTFOLIO ALLOCATION

SPROTT PHYSICAL SILVER TRUST Exhibit 99.1 Interim Report to Unitholders March 31, 2025 2 Table of Contents Interim Management Report of Fund Performance 3 Interim Financial Statements 7 The interim management report of fund performance is an analysis and explanation that is designed to complement and supplement an investment fund’s interim financial statements. A copy of the interim financial stat

May 2, 2025 SUPPL

PROSPECTUS SUPPLEMENT TO THE SHORT FORM BASE SHELF PROSPECTUS DATED MAY 1, 2025

Filed pursuant to General Instruction II.L of Form F-10 File No. 333-286897 No securities regulatory authority has expressed an opinion about these securities and it is an offence to claim otherwise. This prospectus supplement, together with the accompanying short form base shelf prospectus dated May 1, 2025 (the “accompanying prospectus”) to which it relates, as amended or supplemented, and each

May 2, 2025 EX-99.1

SPROTT PHYSICAL SILVER TRUST Amendment No. 1 to the Amended and Restated Sales Agreement

Sprott Physical Silver Trust 6-K Exhibit 99.1 SPROTT PHYSICAL SILVER TRUST Amendment No. 1 to the Amended and Restated Sales Agreement May 2, 2025 Cantor Fitzgerald & Co. 110 East 59th Street New York, NY 10022 Cantor Fitzgerald Canada Corporation 181 University Avenue, Suite 1500 Toronto, ON M5H 3M7 Virtu Americas LLC 1633 Broadway New York, NY 10019 Virtu Canada Corp. 222 Bay Street, Suite 1720

May 2, 2025 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of May 2025 Commission File Number: 001-34928 SPR

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of May 2025 Commission File Number: 001-34928 SPROTT PHYSICAL SILVER TRUST (Translation of registrant’s name into English) Suite 2600, South Tower, Royal Bank Plaza, 200 Bay Street, Toronto, Ontario,

May 1, 2025 F-10EF

As filed with the Securities and Exchange Commission on May 1, 2025

As filed with the Securities and Exchange Commission on May 1, 2025 Registration No.

May 1, 2025 EX-5.3

SEWARD & KISSEL LLP

SPROTT PHYSICAL SILVER TRUST F-10EF Exhibit 5.3 SEWARD & KISSEL LLP 901 K STREET, N.W., SUITE 800 WASHINGTON, D.C. 20001 TELEPHONE: (202) 737-8833 FACSIMILE: (202) 737-5184 WWW.SEWKIS.COM ONE BATTERY PARK PLAZA NEW YORK, NEW YORK 10004 TELEPHONE: (212) 574-1200 FACSIMILE: (212) 480-8421 We hereby consent to the use of our name in the Registration Statement on Form F-10 filed by Sprott Physical Sil

May 1, 2025 EX-FILING FEES

Calculation of Filing Fee Tables (Form Type) Sprott Physical Silver Trust (Exact Name of Registrant as Specified in its Charter) Table 1: Newly Registered Securities

SPROTT PHYSICAL SILVER TRUST F-10EF Exhibit 107 Calculation of Filing Fee Tables F-10 ……………… (Form Type) Sprott Physical Silver Trust ………………………………………………….

May 1, 2025 F-X

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM F-X APPOINTMENT OF AGENT FOR SERVICE OF PROCESS AND UNDERTAKING

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM F-X APPOINTMENT OF AGENT FOR SERVICE OF PROCESS AND UNDERTAKING A. Name of issuer or person filing (“Filer”): RBC Investor Services Trust on Behalf of Sprott Physical Silver Trust B. (1) This is [check one] ☒ an original filing for the Filer ☐ an amended filing for the Filer (2) Check the following box if you are filing t

May 1, 2025 F-X

U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM F-X APPOINTMENT OF AGENT FOR SERVICE OF PROCESS AND UNDERTAKING

U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM F-X APPOINTMENT OF AGENT FOR SERVICE OF PROCESS AND UNDERTAKING A. Name of issuer or person filing (“Filer”): Sprott Physical Silver Trust B. (1) This is [check one] ☒ an original filing for the Filer ☐ an amended filing for the Filer (2) Check the following box if you are filing the Form F-X in paper in accordance with Regulation

March 20, 2025 EX-99.7

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

SPROTT PHYSICAL SILVER TRUST 40-F Exhibit 99.7 KPMG LLP Bay Adelaide Centre 333 Bay Street, Suite 4600 Toronto, ON M5H 2S5 Canada Tel 416-777-8500 Fax 416-777-8818 CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To Sprott Asset Management LP, Manager of Sprott Physical Silver Trust, We consent to the use of: ● our report dated March 20, 2025 on the financial statements of Sprott Physical

March 20, 2025 EX-99.2

CERTIFICATION OF THE PRINCIPAL FINANCIAL OFFICER

SPROTT PHYSICAL SILVER TRUST 40-F Exhibit 99.2 CERTIFICATION OF THE PRINCIPAL FINANCIAL OFFICER I, Varinder Bhathal, certify that: 1. I have reviewed this annual report on Form 40-F of Sprott Physical Silver Trust (the “Trust”); 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in l

March 20, 2025 EX-99.3

PRINCIPAL EXECUTIVE OFFICER CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350

SPROTT PHYSICAL SILVER TRUST 40-F Exhibit 99.3 PRINCIPAL EXECUTIVE OFFICER CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350 In connection with this annual report of Sprott Physical Silver Trust (the “Trust”) on Form 40-F for the year ended December 31, 2024 as filed with the Securities and Exchange Commission (the “SEC”) on or about the date hereof (the “Report”), I, John Ciampaglia, Principal Exe

March 20, 2025 EX-99.4

PRINCIPAL FINANCIAL OFFICER CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350

SPROTT PHYSICAL SILVER TRUST 40-F Exhibit 99.4 PRINCIPAL FINANCIAL OFFICER CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350 In connection with this annual report of Sprott Physical Silver Trust (the “Trust”) on Form 40-F for the year ended December 31, 2024 as filed with the Securities and Exchange Commission (the “SEC”) on or about the date hereof (the “Report”), I, Varinder Bhathal, Principal Fi

March 20, 2025 EX-99.1

CERTIFICATION OF THE PRINCIPAL EXECUTIVE OFFICER

SPROTT PHYSICAL SILVER TRUST 40-F Exhibit 99.1 CERTIFICATION OF THE PRINCIPAL EXECUTIVE OFFICER I, John Ciampaglia, certify that: 1. I have reviewed this annual report on Form 40-F of Sprott Physical Silver Trust (the “Trust”); 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in li

March 20, 2025 40-F

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 40-F

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 40-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13(a) OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 Commission file number 001-34928 SPROTT PHYSICAL SILVER TRUST (Exact name of Registrant as spe

March 20, 2025 EX-97

SPROTT PHYSICAL SILVER TRUST CLAWBACK POLICY

SPROTT PHYSICAL SILVER TRUST 40-F Exhibit 97 SPROTT PHYSICAL SILVER TRUST CLAWBACK POLICY This Clawback Policy (this “Policy”) shall be applied by the Sprott Physical Silver Trust (the “Trust”) to the Executive Officers effective as of the Effective Date.

March 20, 2025 EX-99.5

ANNUAL INFORMATION FORM for the fiscal year ended December 31, 2024 SPROTT PHYSICAL SILVER TRUST (the “Trust”) March 20, 2025 TABLE OF CONTENTS

SPROTT PHYSICAL SILVER TRUST 40-F Exhibit 99.5 No securities regulatory authority has expressed an opinion about these securities and it is an offense to claim otherwise. ANNUAL INFORMATION FORM for the fiscal year ended December 31, 2024 SPROTT PHYSICAL SILVER TRUST (the “Trust”) March 20, 2025 TABLE OF CONTENTS CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS 1 CURRENCY 1 THE TRUST 1 IN

March 20, 2025 EX-99.6

1 Year

SPROTT PHYSICAL SILVER TRUST 40-F Exhibit 99.6 Annual Report to Unitholders December 31, 2024 2 Table of Contents Annual Management Report of Fund Performance 3 Annual Financial Statements 8 The annual management report of fund performance is an analysis and explanation that is designed to complement and supplement an investment fund’s annual financial statements. A copy of the annual financial st

December 9, 2024 EX-99.1

SPROTT PHYSICAL SILVER TRUST Trust Units Amended and Restated Sales Agreement

Sprott Physical Silver Trust 6-K Exhibit 99.1 SPROTT PHYSICAL SILVER TRUST Trust Units Amended and Restated Sales Agreement December 6, 2024 Cantor Fitzgerald & Co. 110 East 59th Street New York, NY 10022 Cantor Fitzgerald Canada Corporation 181 University Avenue, Suite 1500 Toronto, ON M5H 3M7 Virtu Americas LLC 1633 Broadway New York, NY 10019 Virtu Canada Corp. 222 Bay Street, Suite 1720 Toront

December 9, 2024 SUPPL

AMENDED AND RESTATED PROSPECTUS SUPPLEMENT, amending and restating the Prospectus Supplement dated April 6, 2023 TO THE SHORT FORM BASE SHELF PROSPECTUS DATED APRIL 6, 2023

Filed pursuant to General Instruction II.L of Form F-10 File No. 333-271162 No securities regulatory authority has expressed an opinion about these securities and it is an offence to claim otherwise. This amended and restated prospectus supplement, together with the accompanying short form base shelf prospectus dated April 6, 2023 (the “accompanying prospectus”) to which it relates, as amended or

December 9, 2024 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of December 2024 Commission File Number: 001-3492

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of December 2024 Commission File Number: 001-34928 SPROTT PHYSICAL SILVER TRUST (Translation of registrant’s name into English) Suite 2600, South Tower, Royal Bank Plaza, 200 Bay Street, Toronto, Ont

November 15, 2024 EX-99.1

PORTFOLIO ALLOCATION

Sprott Physical Silver Trust 6-K Exhibit 99.1 Interim Report to Unitholders September 30, 2024 2 Table of Contents Interim Management Report of Fund Performance 3 Interim Financial Statements 7 The interim management report of fund performance is an analysis and explanation that is designed to complement and supplement an investment fund’s interim financial statements. A copy of the interim financ

November 15, 2024 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of November 2024 Commission File Number: 001-3492

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of November 2024 Commission File Number: 001-34928 SPROTT PHYSICAL SILVER TRUST (Translation of registrant’s name into English) Suite 2600, South Tower Royal Bank Plaza 200 Bay Street Toronto, Ontari

August 16, 2024 EX-99.1

PORTFOLIO ALLOCATION

Sprott Physical Silver Trust 6-K Exhibit 99.1 Interim Report to Unitholders June 30, 2024 2 Table of Contents Interim Management Report of Fund Performance 3 Interim Financial Statements 7 The interim management report of fund performance is an analysis and explanation that is designed to complement and supplement an investment fund’s interim financial statements. A copy of the interim financial s

August 16, 2024 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of August 2024 Commission File Number: 001-34928

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of August 2024 Commission File Number: 001-34928 SPROTT PHYSICAL SILVER TRUST (Translation of registrant’s name into English) Suite 2600, South Tower, Royal Bank Plaza, 200 Bay Street, Toronto, Ontar

May 22, 2024 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of May 2024 Commission File Number: 001-34928 SPR

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of May 2024 Commission File Number: 001-34928 SPROTT PHYSICAL SILVER TRUST (Translation of registrant’s name into English) Suite 2600, South Tower Royal Bank Plaza 200 Bay Street Toronto, Ontario Can

May 22, 2024 EX-99.1

PORTFOLIO ALLOCATION

Sprott Physical Silver Trust 6-K Exhibit 99.1 Interim Report to Unitholders March 31, 2024 2 Table of Contents Interim Management Report of Fund Performance 3 Interim Financial Statements 7 The interim management report of fund performance is an analysis and explanation that is designed to complement and supplement an investment fund’s interim financial statements. A copy of the interim financial

March 26, 2024 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of March 2024 Commission File Number: 001-34928 S

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of March 2024 Commission File Number: 001-34928 SPROTT PHYSICAL SILVER TRUST (Translation of registrant’s name into English) Suite 2600, South Tower, Royal Bank Plaza, 200 Bay Street, Toronto, Ontari

March 26, 2024 EX-99.2

(see attached) FORM OF silver REDEMPTION NOTICE

SPROTT PHYSICAL SILVER TRUST 6-K Exhibit 99.2 March 25, 2024 Sprott Physical Silver Trust Royal Bank Plaza, South Tower 200 Bay Street, Suite 2600 Toronto, Ontario M5J 2J1 and RBC Investor Services Trust 155 Wellington Street West, 2nd Floor P.O. Box 7500, Station “A” RBC Centre Toronto, Ontario M5V 3L3 Dear Sirs/Mesdames: Reference is made to Sprott Physical Silver Trust’s amended and restated tr

March 26, 2024 EX-99.1

Standard redemption fees

SPROTT PHYSICAL SILVER TRUST 6-K Exhibit 99.1 March 25, 2024 Sprott Asset Management LP 200 Bay Street, Suite 2600 Toronto, Ontario, Canada M5J 2J1 Dear Mr. Ciampaglia, As precious metal custodian for the Sprott Physical Gold Trust, the Sprott Physical Silver Trust, and the Sprott Physical Gold and Silver Trust (collectively, the “Trusts”), the Royal Canadian Mint (“we”, “us”, the “RCM” or the “Mi

March 25, 2024 EX-99.6

1 Year

SPROTT PHYSICAL SILVER TRUST 40-F Exhibit 99.6 Annual Report to Unitholders December 31, 2023 2 Table of Contents Annual Management Report of Fund Performance 3 Annual Financial Statements 8 The annual management report of fund performance is an analysis and explanation that is designed to complement and supplement an investment fund’s annual financial statements. A copy of the annual financial st

March 25, 2024 EX-97

SPROTT PHYSICAL SILVER TRUST CLAWBACK POLICY

SPROTT PHYSICAL SILVER TRUST 40-F Exhibit 97 SPROTT PHYSICAL SILVER TRUST CLAWBACK POLICY This Clawback Policy (this “Policy”) shall be applied by the Sprott Physical Silver Trust (the “Trust”) to the Executive Officers effective as of the Effective Date.

March 25, 2024 EX-99.2

CERTIFICATION OF THE PRINCIPAL FINANCIAL OFFICER

SPROTT PHYSICAL SILVER TRUST 40-F Exhibit 99.2 CERTIFICATION OF THE PRINCIPAL FINANCIAL OFFICER I, Varinder Bhathal, certify that: 1. I have reviewed this annual report on Form 40-F of Sprott Physical Silver Trust (the “Trust”); 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in l

March 25, 2024 EX-99.3

PRINCIPAL EXECUTIVE OFFICER CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350

SPROTT PHYSICAL SILVER TRUST 40-F Exhibit 99.3 PRINCIPAL EXECUTIVE OFFICER CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350 In connection with this annual report of Sprott Physical Silver Trust (the “Trust”) on Form 40-F for the year ended December 31, 2023 as filed with the Securities and Exchange Commission (the “SEC”) on or about the date hereof (the “Report”), I, John Ciampaglia, Principal Exe

March 25, 2024 EX-99.5

ANNUAL INFORMATION FORM for the fiscal year ended December 31, 2023 SPROTT PHYSICAL SILVER TRUST (the “Trust”) March 25, 2024 TABLE OF CONTENTS

SPROTT PHYSICAL SILVER TRUST 40-F Exhibit 99.5 No securities regulatory authority has expressed an opinion about these securities and it is an offense to claim otherwise. ANNUAL INFORMATION FORM for the fiscal year ended December 31, 2023 SPROTT PHYSICAL SILVER TRUST (the “Trust”) March 25, 2024 TABLE OF CONTENTS CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS 1 CURRENCY 1 THE TRUST 1 IN

March 25, 2024 40-F

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 40-F

` UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 40-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13(a) OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 Commission file number 001-34928 SPROTT PHYSICAL SILVER TRUST (Exact name of Registrant as s

March 25, 2024 EX-99.1

CERTIFICATION OF THE PRINCIPAL EXECUTIVE OFFICER

SPROTT PHYSICAL SILVER TRUST 40-F Exhibit 99.1 CERTIFICATION OF THE PRINCIPAL EXECUTIVE OFFICER I, John Ciampaglia, certify that: 1. I have reviewed this annual report on Form 40-F of Sprott Physical Silver Trust (the “Trust”); 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in li

March 25, 2024 EX-99.4

PRINCIPAL FINANCIAL OFFICER CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350

SPROTT PHYSICAL SILVER TRUST 40-F Exhibit 99.4 PRINCIPAL FINANCIAL OFFICER CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350 In connection with this annual report of Sprott Physical Silver Trust (the “Trust”) on Form 40-F for the year ended December 31, 2023 as filed with the Securities and Exchange Commission (the “SEC”) on or about the date hereof (the “Report”), I, Varinder Bhathal, Principal Fi

March 25, 2024 EX-99.7

Consent of Independent Registered Public Accounting Firm

SPROTT PHYSICAL SILVER TRUST 40-F Exhibit 99.7 KPMG LLP Chartered Professional Accountants Bay Adelaide Centre Telephone: (416) 777-8500 333 Bay Street Suite 4600 Fax: (416) 777-8818 Toronto, ON M5H 2S5 Internet: www.kpmg.ca Canada Consent of Independent Registered Public Accounting Firm To Sprott Asset Management LP, Manager of Sprott Physical Silver Trust (the Trust) We consent to the use of: ●

November 9, 2023 EX-99.1

PORTFOLIO ALLOCATION

SPROTT PHYSICAL SILVER TRUST 6-K Exhibit 99.1 Interim Report to Unitholders September 30, 2023 2 Table of Contents Interim Management Report of Fund Performance 3 Interim Financial Statements 7 The interim management report of fund performance is an analysis and explanation that is designed to complement and supplement an investment fund’s interim financial statements. A copy of the interim financ

November 9, 2023 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of November 2023 Commission File Number: 001-3492

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of November 2023 Commission File Number: 001-34928 SPROTT PHYSICAL SILVER TRUST (Translation of registrant’s name into English) Suite 2600, South Tower, Royal Bank Plaza, 200 Bay Street, Toronto, Ont

August 16, 2023 EX-99.1

PORTFOLIO ALLOCATION

Sprott Physical Silver Trust 6-K Exhibit 99.1 Interim Report to Unitholders June 30, 2023 2 Table of Contents Interim Management Report of Fund Performance 3 Interim Financial Statements 7 The interim management report of fund performance is an analysis and explanation that is designed to complement and supplement an investment fund’s interim financial statements. A copy of the interim financial s

August 16, 2023 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of August 2023 Commission File Number: 001-34928

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of August 2023 Commission File Number: 001-34928 SPROTT PHYSICAL SILVER TRUST (Translation of registrant’s name into English) Suite 2600, South Tower, Royal Bank Plaza, 200 Bay Street, Toronto, Ontar

May 12, 2023 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of May 2023 Commission File Number: 001-34928 SPR

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of May 2023 Commission File Number: 001-34928 SPROTT PHYSICAL SILVER TRUST (Translation of registrant’s name into English) Suite 2600, South Tower, Royal Bank Plaza, 200 Bay Street, Toronto, Ontario,

May 12, 2023 EX-99.1

PORTFOLIO ALLOCATION

silver-991 Sprott Physical Silver Trust 6-K Exhibit 99.1 Interim Report to Unitholders March 31, 2023 2 Table of Contents Interim Management Report of Fund Performance 3 Interim Financial Statements 7 The interim management report of fund performance is an analysis and explanation that is designed to complement and supplement an investment fund’s interim financial statements. A copy of the interim

April 6, 2023 F-10

Exhibit 99.1

As filed with the Securities and Exchange Commission on April 6, 2023 Registration No.

April 6, 2023 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of April 2023 Commission File Number: 001-34928 S

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of April 2023 Commission File Number: 001-34928 SPROTT PHYSICAL SILVER TRUST (Translation of registrant’s name into English) Suite 2600, South Tower, Royal Bank Plaza, 200 Bay Street, Toronto, Ontari

April 6, 2023 EX-5.3

Consent of Seward & Kissel LLP.

Sprott Physical Silver Trust F-10 Exhibit 5.3 SEWARD & KISSEL LLP 901 K STREET, N.W., SUITE 800 WASHINGTON, D.C. 20001 TELEPHONE: (202) 737-8833 FACSIMILE: (202) 737-5184 WWW.SEWKIS.COM ONE BATTERY PARK PLAZA NEW YORK, NEW YORK 10004 TELEPHONE: (212) 574-1200 FACSIMILE: (212) 480-8421 We hereby consent to the use of our name in the Registration Statement on Form F-10 filed by Sprott Physical Silve

April 6, 2023 EX-FILING FEES

Calculation of Filing Fee Table

Sprott Physical Silver Trust F-10 Exhibit 107 Calculation of Filing Fee Tables F-10 ……………… (Form Type) Sprott Physical Silver Trust ………………………………………………….

April 6, 2023 SUPPL

PROSPECTUS SUPPLEMENT TO THE SHORT FORM BASE SHELF PROSPECTUS DATED APRIL 6, 2023

Filed pursuant to General Instruction II.L of Form F-10 File No. 333-271162 No securities regulatory authority has expressed an opinion about these securities and it is an offence to claim otherwise. This prospectus supplement, together with the accompanying short form base shelf prospectus dated April 6, 2023 (the “accompanying prospectus”) to which it relates, as amended or supplemented, and eac

April 6, 2023 F-X

U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM F-X APPOINTMENT OF AGENT FOR SERVICE OF PROCESS AND UNDERTAKING

U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM F-X APPOINTMENT OF AGENT FOR SERVICE OF PROCESS AND UNDERTAKING A. Name of issuer or person filing (“Filer”): Sprott Physical Silver Trust B. (1) This is [check one] ☒ an original filing for the Filer ☐ an amended filing for the Filer (2) Check the following box if you are filing the Form F-X in paper in accordance with Regulation

April 6, 2023 EX-99.1

SPROTT PHYSICAL SILVER TRUST Amendment No. 1 to the Amended and Restated Sales Agreement

Sprott Physical Silver Trust 6-K Exhibit 99.1 SPROTT PHYSICAL SILVER TRUST Amendment No. 1 to the Amended and Restated Sales Agreement April 6, 2023 Cantor Fitzgerald & Co. 499 Park Avenue New York, NY 10022 Virtu Americas LLC 1633 Broadway New York, NY 10019 Virtu Canada Corp. 222 Bay Street Suite 2600, P.O. Box 33 Toronto, ON M5K 1B7 Ladies and Gentlemen: Reference is made to the Amended and Res

April 6, 2023 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of April 2023 Commission File Number: 001-34928 S

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of April 2023 Commission File Number: 001-34928 SPROTT PHYSICAL SILVER TRUST (Translation of registrant’s name into English) Suite 2600, South Tower, Royal Bank Plaza, 200 Bay Street, Toronto, Ontari

April 6, 2023 EX-99.1

Sprott Physical SILVER Trust UPDATES Its “At-The-Market” Equity Program

Sprott Physical Silver Trust 6-K Exhibit 99.1 FOR IMMEDIATE RELEASE NYSE: PSLV TSX: PSLV AND PSLV.U Sprott Physical SILVER Trust UPDATES Its “At-The-Market” Equity Program TORONTO, ON – April 6, 2023 – Sprott Asset Management LP (“Sprott Asset Management”), a subsidiary of Sprott Inc., on behalf of the Sprott Physical Silver Trust (NYSE: PSLV) (TSX: PSLV / PSLV.U) (the “Trust”), a closed-ended mut

April 6, 2023 F-X

U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM F-X APPOINTMENT OF AGENT FOR SERVICE OF PROCESS AND UNDERTAKING

U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM F-X APPOINTMENT OF AGENT FOR SERVICE OF PROCESS AND UNDERTAKING A. Name of issuer or person filing (“Filer”): RBC Investor Services Trust on Behalf of Sprott Physical Silver Trust B. (1) This is [check one] ☒ an original filing for the Filer ☐ an amended filing for the Filer (2) Check the following box if you are filing the Form F

March 21, 2023 EX-99.3

PRINCIPAL EXECUTIVE OFFICER CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350

Sprott Physical Silver Trust 40-F Exhibit 99.3 PRINCIPAL EXECUTIVE OFFICER CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350 In connection with this annual report of Sprott Physical Silver Trust (the “Trust”) on Form 40-F for the year ended December 31, 2022 as filed with the Securities and Exchange Commission (the “SEC”) on or about the date hereof (the “Report”), I, John Ciampaglia, Principal Exe

March 21, 2023 EX-99.9

Consent of Independent Registered Public Accounting Firm

Sprott Physical Silver Trust 40-F Exhibit 99.9 Consent of Independent Registered Public Accounting Firm To Sprott Asset Management LP, Manager of Sprott Physical Silver Trust (the Trust) We consent to the use of: · our report of independent registered public accounting firm dated March 21, 2023 on the financial statements of the Trust, which comprise the statements of financial position as of Dece

March 21, 2023 40-F

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 40-F

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 40-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13(a) OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 Commission file number 001-34928 SPROTT PHYSICAL SILVER TRUST (Exact name of Registrant as spe

March 21, 2023 EX-99.4

PRINCIPAL FINANCIAL OFFICER CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350

Sprott Physical Silver Trust 40-F Exhibit 99.4 PRINCIPAL FINANCIAL OFFICER CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350 In connection with this annual report of Sprott Physical Silver Trust (the “Trust”) on Form 40-F for the year ended December 31, 2022 as filed with the Securities and Exchange Commission (the “SEC”) on or about the date hereof (the “Report”), I, Varinder Bhathal, Principal Fi

March 21, 2023 EX-99.1

CERTIFICATION OF THE PRINCIPAL EXECUTIVE OFFICER

Sprott Physical Silver Trust 40-F Exhibit 99.1 CERTIFICATION OF THE PRINCIPAL EXECUTIVE OFFICER I, John Ciampaglia, certify that: 1. I have reviewed this annual report on Form 40-F of Sprott Physical Silver Trust (the “Trust”); 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in li

March 21, 2023 EX-99.6

1 Year

Sprott Physical Silver Trust 40-F Exhibit 99.6 Annual Report to Unitholders December 31, 2022 2 Table of Contents Annual Management Report of Fund Performance 3 Annual Financial Statements 8 The annual management report of fund performance is an analysis and explanation that is designed to complement and supplement an investment fund’s annual financial statements. A copy of the annual financial st

March 21, 2023 EX-99.7

Sprott Physical Silver Trust 40-F

Sprott Physical Silver Trust 40-F Exhibit 99.7 MANAGEMENT'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING Sprott Asset Management LP, the “Manager” of the Sprott Physical Silver Trust (the “Trust”) is responsible for the integrity, consistency, objectivity and reliability of the Financial Statements of the Trust. International Financial Reporting Standards have been applied and management ha

March 21, 2023 EX-99.5

ANNUAL INFORMATION FORM for the fiscal year ended December 31, 2022 SPROTT PHYSICAL SILVER TRUST (the “Trust”) March 17, 2023 TABLE OF CONTENTS

Exhibit 99.5 No securities regulatory authority has expressed an opinion about these securities and it is an offense to claim otherwise. ANNUAL INFORMATION FORM for the fiscal year ended December 31, 2022 SPROTT PHYSICAL SILVER TRUST (the “Trust”) March 17, 2023 TABLE OF CONTENTS CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS 1 CURRENCY 1 THE TRUST 1 INVESTMENT RESTRICTIONS AND OPERATIN

March 21, 2023 EX-99.2

CERTIFICATION OF THE PRINCIPAL FINANCIAL OFFICER

Sprott Physical Silver Trust 40-F Exhibit 99.2 CERTIFICATION OF THE PRINCIPAL FINANCIAL OFFICER I, Varinder Bhathal, certify that: 1. I have reviewed this annual report on Form 40-F of Sprott Physical Silver Trust (the “Trust”); 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in l

November 10, 2022 EX-99.1

PORTFOLIO ALLOCATION

Sprott Physical Silver Trust 6-K ?Exhibit 99.1 Table of Contents Interim Report to Unitholders September 30, 2022 ? Table of Contents 2 Table of Contents Interim Management Report of Fund Performance 3 Interim Financial Statements 7 The interim management report of fund performance is an analysis and explanation that is designed to complement and supplement an investment fund?s interim financial s

November 10, 2022 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of November 2022 Commission File Number: 001-3492

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of November 2022 Commission File Number: 001-34928 SPROTT PHYSICAL SILVER TRUST (Translation of registrant?s name into English) Suite 2600, South Tower, Royal Bank Plaza, 200 Bay Street, Toronto, Ont

August 12, 2022 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of August 2022 Commission File Number: 001-34928

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of August 2022 Commission File Number: 001-34928 SPROTT PHYSICAL SILVER TRUST (Translation of registrant?s name into English) Suite 2600, South Tower, Royal Bank Plaza, 200 Bay Street, Toronto, Ontar

August 12, 2022 EX-99.1

PORTFOLIO ALLOCATION

Sprott Physical Silver Trust 6-K ?Exhibit 99.1 Table of Contents Interim Report to Unitholders June 30, 2022 ? Table of Contents 2 Table of Contents Interim Management Report of Fund Performance 3 Interim Financial Statements 7 The interim management report of fund performance is an analysis and explanation that is designed to complement and supplement an investment fund?s interim financial statem

May 13, 2022 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of May 2022 Commission File Number: 001-34928 SPR

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of May 2022 Commission File Number: 001-34928 SPROTT PHYSICAL SILVER TRUST (Translation of registrant?s name into English) Suite 2600, South Tower, Royal Bank Plaza, 200 Bay Street, Toronto, Ontario,

May 13, 2022 EX-99.1

PORTFOLIO ALLOCATION

Sprott Physcial Silver Trust 6-K Exhibit 99.1 Table of Contents Interim Report to Unitholders March 31, 2022 ? Table of Contents 2 Table of Contents Interim Management Report of Fund Performance 3 Interim Financial Statements 7 The interim management report of fund performance is an analysis and explanation that is designed to complement and supplement an investment fund?s interim financial statem

March 18, 2022 40-F

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 40-F

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 40-F ? REGISTRATION STATEMENT PURSUANT TO SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934 OR ? ANNUAL REPORT PURSUANT TO SECTION 13(a) OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 Commission file number 001-34928 SPROTT PHYSICAL SILVER TRUST (Exact name of Registrant as spe

March 18, 2022 EX-99.4

Certificate of the Chief Financial Officer under Section 906 of the Sarbanes-Oxley Act of 2002.

Sprott Physical Silver Trust 40-F Exhibit 99.4 PRINCIPAL FINANCIAL OFFICER CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350 In connection with this Annual Report of Sprott Physical Silver Trust (the ?Trust?) on Form 40-F for the year ended December 31, 2021 as filed with the Securities and Exchange Commission (the ?SEC?) on or about the date hereof (the ?Report?), I, Varinder Bhathal, Principal Fi

March 18, 2022 EX-99.8

Attestation Report of KPMG LLP.

Sprott Physical Silver Trust 40-F Exhibit 99.8 KPMG LLP Chartered Professional Accountants Bay Adelaide Centre Telephone: (416) 777-8500 333 Bay Street Suite 4600 Fax: (416) 777-8818 Toronto, ON M5H 2S5 Internet: www.kpmg.ca Canada Report of Independent Registered Public Accounting Firm To Sprott Asset Management LP, the Trustee and the Unitholders of Sprott Physical Silver Trust Opinion on the Fi

March 18, 2022 EX-99.3

Certificate of the Chief Executive Officer under Section 906 of the Sarbanes-Oxley Act of 2002.

Sprott Physical Silver Trust 40-F Exhibit 99.3 PRINCIPAL EXECUTIVE OFFICER CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350 In connection with this Annual Report of Sprott Physical Silver Trust (the ?Trust?) on Form 40-F for the year ended December 31, 2021 as filed with the Securities and Exchange Commission (the ?SEC?) on or about the date hereof (the ?Report?), I, John Ciampaglia, Principal Exe

March 18, 2022 EX-99.1

Certificate of the Chief Executive Officer under Section 302 of the Sarbanes-Oxley Act of 2002.

Sprott Physical Silver Trust 40-F Exhibit 99.1 CERTIFICATION OF THE PRINCIPAL EXECUTIVE OFFICER I, John Ciampaglia, certify that: 1. I have reviewed this annual report on Form 40-F of Sprott Physical Silver Trust (the ?Trust?); 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in li

March 18, 2022 EX-99.9

Consent of KPMG LLP, Independent Registered Public Accounting Firm.

Sprott Physical Silver Trust 40-F Exhibit 99.9 KPMG LLP Chartered Professional Accountants Bay Adelaide Centre Telephone: (416) 777-8500 333 Bay Street Suite 4600 Fax: (416) 777-8818 Toronto, ON M5H 2S5 Internet: www.kpmg.ca Canada Consent of Independent Registered Public Accounting Firm To Sprott Asset Management LP, Manager of Sprott Physical Silver Trust We consent to the use of: ? our report d

March 18, 2022 EX-99.2

Certificate of the Chief Financial Officer under Section 302 of the Sarbanes-Oxley Act of 2002.

Sprott Physical Silver Trust 40-F Exhibit 99.2 CERTIFICATION OF THE PRINCIPAL FINANCIAL OFFICER I, Varinder Bhathal, certify that: 1. I have reviewed this annual report on Form 40-F of Sprott Physical Silver Trust (the ?Trust?); 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in l

March 18, 2022 EX-99.6

Audited financial statements of the Registrant and notes thereto and Reports of Independent Registered Public Accounting Firm thereon, and Management’s Discussion and Analysis of the Registrant for the year ended December 31, 2021 dated March 18, 2022.

Sprott Physical Silver Trust 40-F Exhibit 99.6 Annual Report to Unitholders December 31, 2021 ? 2 Table of Contents Annual Management Report of Fund Performance 3 Annual Financial Statements 8 The annual management report of fund performance is an analysis and explanation that is designed to complement and supplement an investment fund?s annual financial statements. A copy of the annual financial

March 18, 2022 EX-99.7

Management’s Report on Internal Control Over Financial Reporting.

Sprott Physical Silver Trust 40-F Exhibit 99.7 MANAGEMENT?S RESPONSIBILITY FOR FINANCIAL INFORMATION Sprott Asset Management LP, the ?Manager? of the Sprott Physical Silver Trust (the ?Trust?) is responsible for the integrity, consistency, objectivity and reliability of the Financial Statements of the Trust. International Financial Reporting Standards have been applied and management has exercised

March 18, 2022 EX-99.5

Annual Information Form of the Registrant dated March 18, 2022.

Sprott Physical Silver Trust 40-F Exhibit 99.5 ANNUAL INFORMATION FORM for the fiscal year ended December 31, 2021 SPROTT PHYSICAL SILVER TRUST (the ?Trust?) March 18, 2022 TABLE OF CONTENTS CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS 1 CURRENCY 1 THE TRUST 1 INVESTMENT RESTRICTIONS AND OPERATING RESTRICTIONS 4 OVERVIEW OF THE SILVER SECTOR 7 DESCRIPTION OF UNITS 14 CALCULATION OF NE

November 12, 2021 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of November 2021 Commission File Number: 001-3492

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of November 2021 Commission File Number: 001-34928 SPROTT PHYSICAL SILVER TRUST (Translation of registrant?s name into English) Suite 2600, South Tower, Royal Bank Plaza, 200 Bay Street, Toronto, Ont

November 12, 2021 EX-99.1

PORTFOLIO ALLOCATION

Sprott Physcial Silver Trust 6-K Exhibit 99.1 Table of Contents Interim Report to Unitholders September 30, 2021 ? Table of Contents 2 Table of Contents Interim Management Report of Fund Performance 3 Interim Financial Statements 7 The interim management report of fund performance is an analysis and explanation that is designed to complement and supplement an investment fund?s interim financial st

August 13, 2021 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of August 2021 Commission File Number: 001-34928

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of August 2021 Commission File Number: 001-34928 SPROTT PHYSICAL SILVER TRUST (Translation of registrant?s name into English) Suite 2600, South Tower, Royal Bank Plaza, 200 Bay Street, Toronto, Ontar

August 13, 2021 EX-99.1

PORTFOLIO ALLOCATION

Sprott Physical Silver Trust 6-K Exhibit 99.1 Interim Report to Unitholders June 30, 2021 ? 2 Table of Contents Interim Management Report of Fund Performance 3 Interim Financial Statements 7 The interim management report of fund performance is an analysis and explanation that is designed to complement and supplement an investment fund?s interim financial statements. A copy of the interim financial

May 14, 2021 EX-99.1

PORTFOLIO ALLOCATION

Table of Contents Exhibit 99.1 ? ? ? ? ? ? Sprott Physical Silver Trust ? ? ? ? ? ? Interim Report to Unitholders ? March 31, 2021 ? ? ? ? ? ? ? ? ? ? ? ? ? Table of Contents Table of Contents ? Interim Management Report of Fund Performance 3 ? ? Interim Financial Statements 7 ? The interim management report of fund performance is an analysis and explanation that is designed to complement and supp

May 14, 2021 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of May 2021 Commission File Number: 001-34928 SPR

? ? UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ? ? FORM 6-K ? Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 ? For the month of May 2021 ? Commission File Number: 001-34928 ? SPROTT PHYSICAL SILVER TRUST (Translation of registrant?s name into English) ? Suite 2600, South Tower, Royal Bank Plaza, 200 Bay Street,

March 22, 2021 EX-99.2

Certificate of the Chief Financial Officer under Section 302 of the Sarbanes-Oxley Act of 2002.

Exhibit 99.2 ? CERTIFICATION OF THE PRINCIPAL FINANCIAL OFFICER ? I, Varinder Bhathal, certify that: ? 1. I have reviewed this annual report on Form 40-F of Sprott Physical Silver Trust (the ?Trust?); ? 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances

March 22, 2021 EX-99.5

Annual Information Form of the Registrant dated March 22, 2021.

Exhibit 99.5 ANNUAL INFORMATION FORM for the fiscal year ended December 31, 2020 ? SPROTT PHYSICAL SILVER TRUST (the ?Trust?) March 22, 2021 ? ? TABLE OF CONTENTS ? CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS 1 CURRENCY 1 THE TRUST 1 History and Development of the Trust 1 Investment Objectives of the Trust 4 Investment Strategies of the Trust 4 Borrowing Arrangements 4 INVESTMENT RES

March 22, 2021 EX-99.8

Attestation Report of KPMG LLP.

Exhibit 99.8 ? ? KPMG LLP ? ? Chartered Professional Accountants ? ? Bay Adelaide Centre Telephone: (416) 777-8500 333 Bay Street Suite 4600 Fax: (416) 777-8818 Toronto, ON M5H 2S5 Internet: www.kpmg.ca Canada ? Report of Independent Registered Public Accounting Firm To Sprott Asset Management LP, the Trustee and the Unitholders of Sprott Physical Silver Trust Opinion on Internal Control Over Fina

March 22, 2021 EX-99.9

Consent of KPMG LLP, Independent Registered Public Accounting Firm.

Exhibit 99.9 ? ? Consent of Independent Registered Public Accounting Firm ? ? To Sprott Asset Management LP, Manager of Sprott Physical Silver Trust ? We consent to the use of our reports, each dated March 22, 2021, with respect to the financial statements and the effectiveness of internal control over financial reporting inclued in this annual report on Form 40-F. ? We also consent to the incorpo

March 22, 2021 EX-99.3

Certificate of the Chief Executive Officer under Section 906 of the Sarbanes-Oxley Act of 2002.

Exhibit 99.3 ? PRINCIPAL EXECUTIVE OFFICER CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350 ? In connection with this Annual Report of Sprott Physical Silver Trust (the ?Trust?) on Form 40-F for the year ended December 31, 2020 as filed with the Securities and Exchange Commission (the ?SEC?) on or about the date hereof (the ?Report?), I, John Ciampaglia, Principal Executive Officer of Sprott Asset

March 22, 2021 EX-99.4

Certificate of the Chief Financial Officer under Section 906 of the Sarbanes-Oxley Act of 2002.

Exhibit 99.4 ? PRINCIPAL FINANCIAL OFFICER CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350 ? In connection with this Annual Report of Sprott Physical Silver Trust (the ?Trust?) on Form 40-F for the year ended December 31, 2020 as filed with the Securities and Exchange Commission (the ?SEC?) on or about the date hereof (the ?Report?), I, Varinder Bhathal, Principal Financial Officer of Sprott Asse

March 22, 2021 EX-99.1

Certificate of the Chief Executive Officer under Section 302 of the Sarbanes-Oxley Act of 2002.

Exhibit 99.1 ? CERTIFICATION OF THE PRINCIPAL EXECUTIVE OFFICER ? I, John Ciampaglia, certify that: ? 1. I have reviewed this annual report on Form 40-F of Sprott Physical Silver Trust (the ?Trust?); ? 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances u

March 22, 2021 EX-99.7

Management’s Report on Internal Control Over Financial Reporting.

Exhibit 99.7 ? MANAGEMENT?S RESPONSIBILITY FOR FINANCIAL INFORMATION ? Sprott Asset Management LP, the ?Manager? of the Sprott Physical Silver Trust (the ?Trust?) is responsible for the integrity, consistency, objectivity and reliability of the Financial Statements of the Trust. International Financial Reporting Standards have been applied and management has exercised its judgment and made best es

March 22, 2021 40-F

- 40-F

? ? ? UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ? FORM 40-F ? ? REGISTRATION STATEMENT PURSUANT TO SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934 ? OR ? ? ANNUAL REPORT PURSUANT TO SECTION 13(a) OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ? For the fiscal year ended December 31, 2020 ? Commission file number 001-34928 ? SPROTT PHYSICAL SILVER TRUST (Exact name

March 22, 2021 EX-99.6

Audited financial statements of the Registrant and notes thereto and Reports of Independent Registered Public Accounting Firm thereon, and Management’s Discussion and Analysis of the Registrant for the year ended December 31, 2020 dated March 22, 2021.

Table of Contents Exhibit 99.6 ? ? ? ? ? Sprott Physical Silver Trust ? ? ? ? ? ? ? ? Annual Report ? December 31, 2020 ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? Table of Contents Table of Contents ? ? Annual Management Report of Fund Performance 3 ? ? Annual Financial Statements 8 ? ? The management report of fund performance is an analysis and explanation that is designed to complement and supplemen

March 19, 2021 EX-99.1

NYSE: PSLV

Exhibit 99.1 FOR IMMEDIATE RELEASE NYSE: PSLV TSX: PSLV and PSLV.U SPROTT PHYSICAL SILVER TRUST ANNOUNCES “AT-THE-MARKET” EQUITY PROGRAM TO ISSUE UP TO US$3 BILLION OF TRUST UNITS TORONTO ON, March 19, 2021 – Sprott Asset Management LP (“Sprott”), on behalf of the Sprott Physical Silver Trust (NYSE: PSLV) (TSX: PSLV / PSLV.U) (the “Trust”), a closed-ended mutual fund trust created to invest and ho

March 19, 2021 6-K

Current Report of Foreign Issuer -

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of March 2021 Commission File Number: 001-34928 SPROTT PHYSICAL SILVER TRUST (Translation of registrant?s name into English) Suite 2600, South Tower, Royal Bank Plaza, 200 Bay Street, Toronto, Ontari

March 11, 2021 SUPPL

- SUPPL

TABLE OF CONTENTS ?Filed pursuant to General Instruction II.L of Form F-10 ?File No. 333-254061? No securities regulatory authority has expressed an opinion about these securities and it is an offence to claim otherwise. This prospectus supplement, together with the accompanying short form base shelf prospectus dated March 9, 2021 (the ?accompanying prospectus?) to which it relates, as amended or

March 10, 2021 F-X

- FORM F-X

U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM F-X APPOINTMENT OF AGENT FOR SERVICE OF PROCESS AND UNDERTAKING A. Name of issuer or person filing (?Filer?): RBC Investor Services Trust on Behalf of Sprott Physical Silver Trust B. (1) This is [check one] x an original filing for the Filer ? an amended filing for the Filer (2) Check the following box if you are filing the Form F

March 10, 2021 F-10

Exhibit 99.1

TABLE OF CONTENTS As filed with the Securities and Exchange Commission on March 9, 2021 Registration No.

March 10, 2021 F-X

- FORM F-X

U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM F-X APPOINTMENT OF AGENT FOR SERVICE OF PROCESS AND UNDERTAKING A. Name of issuer or person filing (?Filer?): Sprott Physical Silver Trust B. (1) This is [check one] x an original filing for the Filer ? an amended filing for the Filer (2) Check the following box if you are filing the Form F-X in paper in accordance with Regulation

March 10, 2021 EX-5.3

Consent of Seward & Kissel LLP.

Exhibit 5.3 SEWARD & KISSEL LLP 901 K STREET, N.W., SUITE 800 WASHINGTON, D.C. 20001 TELEPHONE: (202) 737-8833 FACSIMILE: (202) 737-5184 WWW.SEWKIS.COM ONE BATTERY PARK PLAZA NEW YORK, NEW YORK 10004 TELEPHONE: (212) 574-1200 FACSIMILE: (212) 480-8421 We hereby consent to the use of our name in the Registration Statement on Form F-10 filed by Sprott Physical Silver Trust (the "Trust") on March 9,

November 13, 2020 EX-99.2

SPROTT ASSET MANAGEMENT LP SPROTT PHYSICAL SILVER TRUST AMENDED AND RESTATED TRUST AGREEMENT Dated as of February 27, 2015 TABLE OF CONTENTS

Exhibit 99.2 SPROTT ASSET MANAGEMENT LP SPROTT PHYSICAL SILVER TRUST AMENDED AND RESTATED TRUST AGREEMENT Dated as of February 27, 2015 TABLE OF CONTENTS Page ARTICLE 1 INTERPRETATION 2 1.1 Definitions 2 1.2 Article and Section Headings 9 1.3 Statute References 9 1.4 Business Day 9 1.5 Number, Gender 9 1.6 References to “Agreement” etc 9 1.7 Time of Day 9 1.8 Currency 10 1.9 Exercise of Discretion

November 13, 2020 6-K

Current Report of Foreign Issuer -

6-K 1 d86414776-k.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of November 2020 Commission File Number: 001-34928 SPROTT PHYSICAL SILVER TRUST (Translation of registrant’s name into English) Suite 2600, South Tower, Royal Bank Plaza, 200 Ba

November 13, 2020 EX-99.1

Sprott Physical Silver Trust Unaudited interim financial statements September 30, 2020

Table of Contents Exhibit 99.1 Sprott Physical Silver Trust Interim Report to Unitholders September 30, 2020 Table of Contents Table of Contents Management Report of Fund Performance 3 Financial Statements 7 The management report of fund performance is an analysis and explanation that is designed to complement and supplement an investment fund’s financial statements. This report contains financial

November 13, 2020 6-K

Current Report of Foreign Issuer - 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of November 2020 Commission File Number: 001-34928 SPROTT PHYSICAL SILVER TRUST (Translation of registrant’s name into English) Suite 2600, South Tower, Royal Bank Plaza, 200 Bay Street, Toronto, Ont

November 13, 2020 EX-99.1

NYSE: PSLV

Exhibit 99.1 FOR IMMEDIATE RELEASE NYSE: PSLV TSX: PSLV AND PSLV.U SPROTT PHYSICAL SILVER TRUST ANNOUNCES AMENDMENTS TO TRUST AGREEMENT This news release constitutes a "designated news release" for the purposes of Sprott Physical Silver Trust's prospectus supplement dated October 21, 2020 to its base shelf prospectus dated July 16, 2020. TORONTO ON, November 13, 2020 – On November 13, 2020, Sprott

November 13, 2020 EX-99.3

AMENDMENT NO. 1 TO AMENDED AND RESTATED TRUST AGREEMENT

Exhibit 99.3 AMENDMENT NO. 1 TO AMENDED AND RESTATED TRUST AGREEMENT THIS AMENDMENT NO. 1 TO THE AMENDED AND RESTATED TRUST AGREEMENT (this “Amendment No. 1”) of Sprott Physical Silver Trust (the “Trust”) is dated the 13th day of November, 2020. WHEREAS, Sprott Asset Management LP (the “Manager”), a limited partnership formed under the laws of the Province of Ontario, and RBC Investor Services Tru

October 22, 2020 SUPPL

- SUPPL

Use these links to rapidly review the document TABLE OF CONTENTS TABLE OF CONTENTS Table of Contents Filed pursuant to General Instruction II.

October 22, 2020 EX-99.1

NYSE: PSLV

Exhibit 99.1 FOR IMMEDIATE RELEASE NYSE: PSLV TSX: PSLV and PSLV.U SPROTT PHYSICAL SILVER TRUST EXPANDS ITS “AT-THE-MARKET” EQUITY PROGRAM TORONTO ON, October 21, 2020 – Sprott Asset Management LP (“Sprott”), on behalf of the Sprott Physical Silver Trust (NYSE: PSLV) (TSX: PSLV / PSLV.U) (the “Trust”), a closed-ended mutual fund trust created to invest and hold substantially all of its assets in p

October 22, 2020 6-K

Form 6-K filed with the SEC on October 22, 2020

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of October 2020 Commission File Number: 001-34928 SPROTT PHYSICAL SILVER TRUST (Translation of registrant’s name into English) Suite 2600, South Tower, Royal Bank Plaza, 200 Bay Street, Toronto, Onta

October 22, 2020 EX-99.2

SPROTT PHYSICAL SILVER TRUST Trust Units Amended and Restated Sales Agreement

Exhibit 99.2 SPROTT PHYSICAL SILVER TRUST Trust Units Amended and Restated Sales Agreement October 21, 2020 Cantor Fitzgerald & Co. 499 Park Avenue New York, NY 10022 Virtu Americas LLC One Liberty Plaza 165 Broadway New York, NY 10006 Virtu ITG Canada Corp. 222 Bay Street Suite 2600, P.O. Box 33 Toronto, ON M5K 1B7 Ladies and Gentlemen: Reference is made to the Controlled Equity OfferingSM Sales

August 14, 2020 EX-99.1

Sprott Physical Silver Trust Unaudited interim financial statements June 30, 2020

Table of Contents Exhibit 99.1 Sprott Physical Silver Trust Interim Report to Unitholders June 30, 2020 Table of Contents Table of Contents Management Report of Fund Performance 3 Financial Statements 7 The management report of fund performance is an analysis and explanation that is designed to complement and supplement an investment fund’s financial statements. This report contains financial high

August 14, 2020 6-K

Current Report of Foreign Issuer - 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of August 2020 Commission File Number: 001-34928 SPROTT PHYSICAL SILVER TRUST (Translation of registrant’s name into English) Suite 2600, South Tower, Royal Bank Plaza, 200 Bay Street, Toronto, Ontar

July 31, 2020 SUPPL

- SUPPL

Use these links to rapidly review the document TABLE OF CONTENTS TABLE OF CONTENTS Table of Contents Filed pursuant to General Instruction II.

July 21, 2020 SUPPL

- SUPPL

Use these links to rapidly review the document TABLE OF CONTENTS TABLE OF CONTENTS Table of Contents Filed pursuant to General Instruction II.

July 17, 2020 F-10

- F-10

Use these links to rapidly review the document TABLE OF CONTENTS As filed with the Securities and Exchange Commission on July 16, 2020 Registration No.

July 17, 2020 F-X

- FORM F-X

U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM F-X APPOINTMENT OF AGENT FOR SERVICE OF PROCESS AND UNDERTAKING A. Name of issuer or person filing (“Filer”): RBC Investor Services Trust on Behalf of Sprott Physical Silver Trust B. (1) This is [check one] x an original filing for the Filer ¨ an amended filing for the Filer (2) Check the following box if you are filing the Form F

July 17, 2020 F-X

- FORM F-X

U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM F-X APPOINTMENT OF AGENT FOR SERVICE OF PROCESS AND UNDERTAKING A. Name of issuer or person filing (“Filer”): Sprott Physical Silver Trust B. (1) This is [check one] x an original filing for the Filer ¨ an amended filing for the Filer (2) Check the following box if you are filing the Form F-X in paper in accordance with Regulation

July 17, 2020 EX-5.3

Consent of Seward & Kissel LLP.

QuickLinks - Click here to rapidly navigate through this document Exhibit 5.3 SEWARD & KISSEL LLP 901 K STREET, N.W., SUITE 800 WASHINGTON, D.C. 20001 TELEPHONE: (202) 737-8833 FACSIMILE: (202) 737-5184 WWW.SEWKIS.COM ONE BATTERY PARK PLAZA NEW YORK, NEW YORK 10004 TELEPHONE: (212) 574-1200 FACSIMILE: (212) 480-8421 We hereby consent to the use of our name in the Registration Statement on Form F-1

June 5, 2020 SUPPL

- SUPPL

Use these links to rapidly review the document TABLE OF CONTENTS TABLE OF CONTENTS Table of Contents Filed pursuant to General Instruction II.

May 15, 2020 EX-99.1

Sprott Physical Silver Trust Unaudited interim financial statements March 31, 2020

Table of Contents Exhibit 99.1 Sprott Physical Silver Trust Interim Report to Unitholders March 31, 2020 Table of Contents Table of Contents Management Report of Fund Performance 3 Financial Statements 7 The management report of fund performance is an analysis and explanation that is designed to complement and supplement an investment fund’s financial statements. This report contains financial hig

May 15, 2020 6-K

Current Report of Foreign Issuer - 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of May 2020 Commission File Number: 001-34928 SPROTT PHYSICAL SILVER TRUST (Translation of registrant’s name into English) Suite 2600, South Tower, Royal Bank Plaza, 200 Bay Street, Toronto, Ontario,

May 5, 2020 SUPPL

- SUPPL

SUPPL 1 a2241534zsuppl.htm SUPPL Use these links to rapidly review the document TABLE OF CONTENTS TABLE OF CONTENTS Table of Contents Filed pursuant to General Instruction II.L of Form F-10 File No. 333-225772 No securities regulatory authority has expressed an opinion about these securities and it is an offence to claim otherwise. This prospectus supplement, together with the accompanying short f

April 7, 2020 SUPPL

PSLV / Sprott Physical Silver Trust SUPPL - - SUPPL

Use these links to rapidly review the document TABLE OF CONTENTS TABLE OF CONTENTS Table of Contents Filed pursuant to General Instruction II.

March 31, 2020 40-F

PSLV / Sprott Physical Silver Trust 40-F - - 40-F

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 40-F ☐REGISTRATION STATEMENT PURSUANT TO SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ANNUAL REPORT PURSUANT TO SECTION 13(a) OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 Commission file number 001-34928 SPROTT PHYSICAL SILVER TRUST (Exact name of Registrant as speci

March 31, 2020 EX-99.4

Certificate of the Chief Financial Officer under Section 906 of the Sarbanes-Oxley Act of 2002.

EX-99.4 5 pslv-20191231ex994acd3c8.htm EX-99.4 Exhibit 99.4 PRINCIPAL FINANCIAL OFFICER CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350 In connection with this Annual Report of Sprott Physical Silver Trust (the “Trust”) on Form 40-F for the year ended December 31, 2019 as filed with the Securities and Exchange Commission (the “SEC”) on or about the date hereof (the “Report”), I, Varinder Bhathal,

March 31, 2020 EX-99.5

the annual information form of the Trust for its fiscal year ended December 31, 2019, dated March 30, 2020 (the "AIF");

Exhibit 99.5 ANNUAL INFORMATION FORM for the fiscal year ended December 31, 2019 SPROTT PHYSICAL SILVER TRUST (the “Trust”) March 30, 2020 TABLE OF CONTENTS CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS 1 CURRENCY 1 THE TRUST 1 History and Development of the Trust 1 Investment Objectives of the Trust 4 Investment Strategies of the Trust 4 Borrowing Arrangements 4 INVESTMENT RESTRICTION

March 31, 2020 EX-99.6

our audited annual financial statements as at and for the fiscal years ended December 31, 2019 and 2018, together with the notes and the management report of fund performance thereto; and

EX-99.6 7 pslv-20191231ex996e61125.htm EX-99.6 Table of Contents Exhibit 99.6 Sprott Physical Silver Trust Report to Unitholders December 31, 2019 Table of Contents Table of Contents Management Report on Fund Performance 3 Financial Statements 8 The management report of fund performance is an analysis and explanation that is designed to complement and supplement an investment fund’s financial stat

March 31, 2020 EX-99.1

Certificate of the Chief Executive Officer under Section 302 of the Sarbanes-Oxley Act of 2002.

EX-99.1 2 pslv-20191231ex9913b42e7.htm EX-99.1 Exhibit 99.1 CERTIFICATION OF THE PRINCIPAL EXECUTIVE OFFICER I, John Ciampaglia, certify that: 1. I have reviewed this annual report on Form 40-F of Sprott Physical Silver Trust (the “Trust”); 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statement

March 31, 2020 EX-99.2

Certificate of the Chief Financial Officer under Section 302 of the Sarbanes-Oxley Act of 2002.

EX-99.2 3 pslv-20191231ex99279356b.htm EX-99.2 Exhibit 99.2 CERTIFICATION OF THE PRINCIPAL FINANCIAL OFFICER I, Varinder Bhathal, certify that: 1. I have reviewed this annual report on Form 40-F of Sprott Physical Silver Trust (the “Trust”); 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statemen

March 31, 2020 EX-99.3

Certificate of the Chief Executive Officer under Section 906 of the Sarbanes-Oxley Act of 2002.

EX-99.3 4 pslv-20191231ex9938f98df.htm EX-99.3 Exhibit 99.3 PRINCIPAL EXECUTIVE OFFICER CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350 In connection with this Annual Report of Sprott Physical Silver Trust (the “Trust”) on Form 40-F for the year ended December 31, 2019 as filed with the Securities and Exchange Commission (the “SEC”) on or about the date hereof (the “Report”), I, John Ciampaglia,

March 31, 2020 EX-99.9

Consent of KPMG LLP, Independent Registered Public Accounting Firm.

EX-99.9 10 pslv-20191231ex999e00434.htm EX-99.9 Exhibit 99.9 Consent of Independent Registered Public Accounting Firm To Sprott Asset Management LP, Manager of Sprott Physical Silver Trust We consent to the use of our reports, each dated March 30, 2020, with respect to the financial statements and the effectiveness of internal control over financial reporting incorporated by reference in this annu

March 31, 2020 EX-99.7

Management’s Report on Internal Control Over Financial Reporting.

EX-99.7 8 pslv-20191231ex997603d71.htm EX-99.7 Exhibit 99.7 MANAGEMENT’S RESPONSIBILITY FOR FINANCIAL INFORMATION Sprott Asset Management LP, the “Manager” of the Sprott Physical Silver Trust (the “Trust”) is responsible for the integrity, consistency, objectivity and reliability of the Financial Statements of the Trust. International Financial Reporting Standards have been applied and management

March 31, 2020 EX-99.8

Attestation Report of KPMG LLP.

Page 1 Report of Independent Registered Public Accounting Firm To Sprott Asset Management LP, the Trustee and the Unitholders of Sprott Physical Silver Trust Opinion on Internal Control Over Financial Reporting We have audited Sprott Physical Silver Trust’s (the Trust) internal control over financial reporting as of December 31, 2019, based on criteria established in Internal Control – Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission.

February 5, 2020 SUPPL

PSLV / Sprott Physical Silver Trust SUPPL - - SUPPL

Use these links to rapidly review the document TABLE OF CONTENTS TABLE OF CONTENTS Table of Contents Filed pursuant to General Instruction II.

January 29, 2020 EX-99.1

SPROTT PHYSICAL SILVER TRUST Amendment No. 1 to Controlled Equity OfferingSM Sales Agreement

Exhibit 99.1 SPROTT PHYSICAL SILVER TRUST Amendment No. 1 to Controlled Equity OfferingSM Sales Agreement January 29, 2020 Cantor Fitzgerald & Co. 499 Park Avenue New York, NY 10022 Virtu Americas LLC One Liberty Plaza 165 Broadway New York, NY 10006 Ladies and Gentlemen: Reference is made to the Controlled Equity OfferingSM Sales Agreement, dated June 24, 2016, including the Schedules thereto (th

January 29, 2020 SUPPL

PSLV / Sprott Physical Silver Trust SUPPL - - SUPPL

Use these links to rapidly review the document TABLE OF CONTENTS TABLE OF CONTENTS Table of Contents Filed pursuant to General Instruction II.

January 29, 2020 6-K

January 29, 2020

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of January 2020 Commission File Number: 001-34928 SPROTT PHYSICAL SILVER TRUST (Translation of registrant’s name into English) Suite 2600, South Tower, Royal Bank Plaza, 200 Bay Street, Toronto, Onta

November 14, 2019 6-K

PSLV / Sprott Physical Silver Trust 6-K - Current Report of Foreign Issuer - 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of November 2019 Commission File Number: 001-34928 SPROTT PHYSICAL SILVER TRUST (Translation of registrant’s name into English) Suite 2600, South Tower, Royal Bank Plaza, 200 Bay Street, Toronto, Ont

November 14, 2019 EX-99.1

Sprott Physical Silver Trust Unaudited interim financial statements September 30, 2019

Table of Contents Exhibit 99.1 Sprott Physical Silver Trust Interim Report to Unitholders September 30, 2019 Table of Contents Table of Contents Management Report of Fund Performance 3 Financial Statements 7 The management report of fund performance is an analysis and explanation that is designed to complement and supplement an investment fund’s financial statements. This report contains financial

August 21, 2019 6-K/A

PSLV / Sprott Physical Silver Trust 6-K/A - Current Report of Foreign Issuer -

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K/A REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of August 2019 Commission File Number: 001-34928 SPROTT PHYSICAL SILVER TRUST (Translation of registrant’s name into English) Royal Bank Plaza, South Tower, 200 Bay Street, Suite 2600, Toronto, Ont

August 14, 2019 EX-99.1

Sprott Physical Silver Trust Unaudited interim financial statements June 30, 2019

Table of Contents Exhibit 99.1 Sprott Physical Silver Trust Interim Report to Unitholders June 30, 2019 Table of Contents Table of Contents Management Report of Fund Performance 3 Financial Statements 7 The management report of fund performance is an analysis and explanation that is designed to complement and supplement an investment fund’s financial statements. This report contains financial high

August 14, 2019 6-K

PSLV / Sprott Physical Silver Trust 6-K - Current Report of Foreign Issuer - 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of August 2019 Commission File Number: 001-34928 SPROTT PHYSICAL SILVER TRUST (Translation of registrant’s name into English) Suite 2600, South Tower, Royal Bank Plaza, 200 Bay Street, Toronto, Ontar

May 15, 2019 6-K

PSLV / Sprott Physical Silver Trust 6-K Current Report of Foreign Issuer 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of May 2019 Commission File Number: 001-34928 SPROTT PHYSICAL SILVER TRUST (Translation of registrant’s name into English) Suite 2600, South Tower, Royal Bank Plaza, 200 Bay Street, Toronto, Ontario,

May 15, 2019 EX-99.1

Sprott Physical Silver Trust Unaudited interim financial statements March 31, 2019

Table of Contents Exhibit 99.1 Sprott Physical Silver Trust Interim Report to Unitholders March 31, 2019 Table of Contents Table of Contents Management Report of Fund Performance 3 Financial Statements 7 The management report of fund performance is an analysis and explanation that is designed to complement and supplement an investment fund’s financial statements. This report contains financial hig

May 9, 2019 6-K

PSLV / Sprott Physical Silver Trust 6-K Current Report of Foreign Issuer

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of May 2019 Commission File Number: 001-34928 SPROTT PHYSICAL SILVER TRUST (Translation of registrant’s name into English) Royal Bank Plaza, South Tower, 200 Bay Street, Suite 2600, Toronto, Ontario,

March 29, 2019 40-F

PSLV / Sprott Physical Silver Trust 40-F

40-F 1 pslv-20181231x40f.htm 40-F UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 40-F ☐REGISTRATION STATEMENT PURSUANT TO SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ANNUAL REPORT PURSUANT TO SECTION 13(a) OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 Commission file number 001-34928 SPROTT PHYSICAL SILVER TRUST

March 29, 2019 EX-99.4

Certificate of the Chief Financial Officer under Section 906 of the Sarbanes-Oxley Act of 2002.

Exhibit 99.4 PRINCIPAL FINANCIAL OFFICER CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350 In connection with this Annual Report of Sprott Physical Silver Trust (the “Trust”) on Form 40-F for the year ended December 31, 2018 as filed with the Securities and Exchange Commission (the “SEC”) on or about the date hereof (the “Report”), I, Varinder Bhathal, Principal Financial Officer of Sprott Asset Ma

March 29, 2019 EX-99.2

Certificate of the Chief Financial Officer under Section 302 of the Sarbanes-Oxley Act of 2002.

Exhibit 99.2 CERTIFICATION OF THE PRINCIPAL FINANCIAL OFFICER I, Varinder Bhathal, certify that: 1. I have reviewed this annual report on Form 40-F of Sprott Physical Silver Trust (the “Trust”); 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under wh

March 29, 2019 EX-99.3

Certificate of the Chief Executive Officer under Section 906 of the Sarbanes-Oxley Act of 2002.

EX-99.3 4 pslv-20181231ex9937c8732.htm EX-99.3 Exhibit 99.3 PRINCIPAL EXECUTIVE OFFICER CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350 In connection with this Annual Report of Sprott Physical Silver Trust (the “Trust”) on Form 40-F for the year ended December 31, 2018 as filed with the Securities and Exchange Commission (the “SEC”) on or about the date hereof (the “Report”), I, John Ciampaglia,

March 29, 2019 EX-99.1

Certificate of the Chief Executive Officer under Section 302 of the Sarbanes-Oxley Act of 2002.

EX-99.1 2 pslv-20181231ex991874777.htm EX-99.1 Exhibit 99.1 CERTIFICATION OF THE PRINCIPAL EXECUTIVE OFFICER I, John Ciampaglia, certify that: 1. I have reviewed this annual report on Form 40-F of Sprott Physical Silver Trust (the “Trust”); 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statement

March 29, 2019 EX-99.5

Annual Information Form of the Registrant dated March 29, 2019.

EX-99.5 6 pslv-20181231ex995799c07.htm EX-99.5 Exhibit 99.5 ANNUAL INFORMATION FORM for the fiscal year ended December 31, 2018 SPROTT PHYSICAL SILVER TRUST (the “Trust”) March 29, 2019 TABLE OF CONTENTS 4 CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS 1 CURRENCY 1 THE TRUST 1 History and Development of the Trust 1 Investment Objectives of the Trust 4 Investment Strategies of the Trust

March 29, 2019 EX-99.6

Audited financial statements of the Registrant and notes thereto and Auditors’ Reports thereon, and Management’s Discussion and Analysis of the Registrant for the year ended December 31, 2018 dated March 29, 2019.

Table of Contents Exhibit 99.6 Sprott Physical Silver Trust Report to Unitholders December 31, 2018 Table of Contents Table of Contents Management Report on Fund Performance 3 Financial Statements 7 The management report of fund performance is an analysis and explanation that is designed to complement and supplement an investment fund’s financial statements. This report contains financial highligh

March 29, 2019 EX-99.7

Management’s Report on Internal Control Over Financial Reporting.

EX-99.7 8 pslv-20181231ex9973bd374.htm EX-99.7 Exhibit 99.7 MANAGEMENT’S RESPONSIBILITY FOR FINANCIAL INFORMATION Sprott Asset Management LP, the “Manager” of the Sprott Physical Silver Trust (the “Trust”) is responsible for the integrity, consistency, objectivity and reliability of the Financial Statements of the Trust. International Financial Reporting Standards have been applied and management

March 29, 2019 EX-99.8

Attestation Report of KPMG LLP.

Exhibit 99.8 kpmg LLP Chartered Professional Accountants Bay Adelaide Centre Telephone: (416) 777-8500 333 Bay Street Suite 4600 Fax: (416) 777-8818 Toronto, ON M5H 2S5 Internet: www.kpmg.ca Canada Report of Independent Registered Public Accounting Firm To Sprott Asset Management LP, the Trustee and the Unitholders of Sprott Physical Silver Trust Opinion on Internal Control Over Financial Reportin

March 29, 2019 EX-99.9

Consent of KPMG LLP, Independent Registered Public Accounting Firm.

EX-99.9 10 pslv-20181231ex999458fba.htm EX-99.9 Exhibit 99.9 Consent of Independent Registered Public Accounting Firm To Sprott Asset Management LP, Manager of Sprott Physical Silver Trust We consent to the use of our reports, each dated March 29, 2019, with respect to the financial statements and the effectiveness of internal control over financial reporting incorporated by reference in this annu

November 14, 2018 6-K

PSLV / Sprott Physical Silver Trust 6-K (Current Report of Foreign Issuer)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of November 2018 Commission File Number: 001-34928 SPROTT PHYSICAL SILVER TRUST (Translation of registrant’s name into English) Suite 2600, South Tower, Royal Bank Plaza, 200 Bay Street, Toronto, Ont

November 14, 2018 EX-99.1

Sprott Physical Silver Trust Unaudited interim financial statements September 30, 2018

Table of Contents Exhibit 99.1 Sprott Physical Silver Trust Interim Report to Unitholders September 30, 2018 Table of Contents Table of Contents Management Report of Fund Performance 3 Financial Statements 7 The management report of fund performance is an analysis and explanation that is designed to complement and supplement an investment fund’s financial statements. This report contains financial

August 27, 2018 EX-99.1

[Remainder of page left intentionally blank.]

EX-99.1 2 d7946424aex99-1.htm Exhibit 99.1 PRECIOUS METAL STORAGE AND CUSTODY AGREEMENT entered into on this 4th day of June, 2018. B E T W E E N: ROYAL CANADIAN MINT, a Crown corporation established by the Royal Canadian Mint Act (Canada), with its head office at 320 Sussex Drive, Ottawa, Ontario K1A 0G8 (hereinafter referred to as the "Mint") A N D: SPROTT ASSET MANAGEMENT LP, a limited partners

August 27, 2018 6-K/A

PSLV / Sprott Physical Silver Trust 6-K/A (Current Report of Foreign Issuer)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K/A REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of August 2018 Commission File Number: 001-34928 SPROTT PHYSICAL SILVER TRUST (Translation of registrant's name into English) Royal Bank Plaza, South Tower, 200 Bay Street, Suite 2600, Toronto, Ont

August 15, 2018 6-K

PSLV / Sprott Physical Silver Trust 6-K (Current Report of Foreign Issuer)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of August 2018 Commission File Number: 001-34928 SPROTT PHYSICAL SILVER TRUST (Translation of registrant’s name into English) Suite 2600, South Tower, Royal Bank Plaza, 200 Bay Street, Toronto, Ontar

August 15, 2018 EX-99.1

Sprott Physical Silver Trust Unaudited interim financial statements June 30, 2018

Table of Contents Exhibit 99.1 Sprott Physical Silver Trust Interim Report to Unitholders JUNE 30, 2018 Table of Contents Table of Contents Management Report of Fund Performance 3 Financial Statements 7 The management report of fund performance is an analysis and explanation that is designed to complement and supplement an investment fund’s financial statements. This report contains financial high

July 31, 2018 6-K

PSLV / Sprott Physical Silver Trust 6-K (Current Report of Foreign Issuer)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of July 2018 Commission File Number: 001-34928 SPROTT PHYSICAL SILVER TRUST (Translation of registrant's name into English) Royal Bank Plaza, South Tower, 200 Bay Street, Suite 2600, Toronto, Ontario

July 31, 2018 EX-99.1

[Remainder of page left intentionally blank.]

Exhibit 99.1 PRECIOUS METAL STORAGE AND CUSTODY AGREEMENT entered into on this 4th day of June, 2018. B E T W E E N: ROYAL CANADIAN MINT, a Crown corporation established by the Royal Canadian Mint Act (Canada), with its head office at 320 Sussex Drive, Ottawa, Ontario K1A 0G8 (hereinafter referred to as the "Mint") A N D: SPROTT ASSET MANAGEMENT LP, a limited partnership formed and organized under

June 28, 2018 SUPPL

PSLV / Sprott Physical Silver Trust SUPPL

Use these links to rapidly review the document TABLE OF CONTENTS TABLE OF CONTENTS Table of Contents Filed pursuant to General Instruction II.

June 21, 2018 F-X

PSLV / Sprott Physical Silver Trust F-X

U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM F-X APPOINTMENT OF AGENT FOR SERVICE OF PROCESS AND UNDERTAKING A. Name of issuer or person filing (“Filer”): RBC Investor Services Trust on Behalf of Sprott Physical Silver Trust B. (1) This is [check one] x an original filing for the Filer o an amended filing for the Filer (2) Check the following box if you are filing the Form F

June 21, 2018 F-X

PSLV / Sprott Physical Silver Trust F-X

U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM F-X APPOINTMENT OF AGENT FOR SERVICE OF PROCESS AND UNDERTAKING A. Name of issuer or person filing (“Filer”): Sprott Physical Silver Trust B. (1) This is [check one] x an original filing for the Filer o an amended filing for the Filer (2) Check the following box if you are filing the Form F-X in paper in accordance with Regulation

June 21, 2018 EX-5.3

Consent of Seward & Kissel LLP.

QuickLinks - Click here to rapidly navigate through this document Exhibit 5.3 SEWARD & KISSEL LLP 901 K STREET, N.W., SUITE 800 WASHINGTON, D.C. 20001 TELEPHONE: (202) 737-8833 FACSIMILE: (202) 737-5184 WWW.SEWKIS.COM ONE BATTERY PARK PLAZA NEW YORK, NEW YORK 10004 TELEPHONE: (212) 574-1200 FACSIMILE: (212) 480-8421 We hereby consent to the use of our name in the Registration Statement on Form F-1

June 21, 2018 F-10

PSLV / Sprott Physical Silver Trust F-10

Use these links to rapidly review the document TABLE OF CONTENTS As filed with the Securities and Exchange Commission on June 20, 2018 Registration No.

May 11, 2018 6-K

PSLV / Sprott Physical Silver Trust 6-K (Current Report of Foreign Issuer)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of May 2018 Commission File Number: 001-34928 SPROTT PHYSICAL SILVER TRUST (Translation of registrant’s name into English) Suite 2600, South Tower, Royal Bank Plaza, 200 Bay Street, Toronto, Ontario,

May 11, 2018 EX-99.1

Sprott Physical Silver Trust Unaudited interim financial statements March 31, 2018

EX-99.1 2 ex-99d1.htm EX-99.1 Table of Contents Exhibit 99.1 Sprott Physical Silver Trust Interim Report to Unitholders MARCH 31, 2018 Table of Contents Table of Contents Management Report of Fund Performance 3 Financial Statements 7 The management report of fund performance is an analysis and explanation that is designed to complement and supplement an investment fund’s financial statements. This

March 29, 2018 EX-99.2

Certificate of the Chief Financial Officer under Section 302 of the Sarbanes-Oxley Act of 2002.

EX-99.2 3 pslv-20171231ex9920bf85a.htm EX-99.2 Exhibit 99.2 CERTIFICATION OF THE PRINCIPAL FINANCIAL OFFICER I, Kevin Hibbert, certify that: 1. I have reviewed this annual report on Form 40-F of Sprott Physical Silver Trust (the “Trust”); 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements

March 29, 2018 EX-99.4

Certificate of the Chief Financial Officer under Section 906 of the Sarbanes-Oxley Act of 2002.

Exhibit 99.4 PRINCIPAL FINANCIAL OFFICER CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350 In connection with this Annual Report of Sprott Physical Silver Trust (the “Trust”) on Form 40-F for the year ended December 31, 2017 as filed with the Securities and Exchange Commission (the “SEC”) on or about the date hereof (the “Report”), I, Kevin Hibbert, Principal Financial Officer of Sprott Asset Manag

March 29, 2018 EX-99.6

the audited annual statements of financial position of the Trust as at December 31, 2017 and 2016 and the statements of comprehensive income (loss), changes in equity and cash flows for its fiscal years ended December 31, 2017 and 2016, and the report of the auditors thereon, (collectively, the "Annual Financial Statements");

EX-99.6 7 pslv-20171231ex996ab7137.htm EX-99.6 Table of Contents Exhibit 99.6 Sprott Physical Silver Trust Report to Unitholders DECEMBER 31, 2017 Table of Contents Table of Contents Management Report on Fund Performance 3 Financial Statements 7 The management report of fund performance is an analysis and explanation that is designed to complement and supplement an investment fund’s financial stat

March 29, 2018 EX-99.7

Management’s Report on Internal Control Over Financial Reporting.

Exhibit 99.7 MANAGEMENT’S RESPONSIBILITY FOR FINANCIAL INFORMATION Sprott Asset Management LP, the “Manager” of the Sprott Physical Silver Trust (the “Trust”) is responsible for the integrity, consistency, objectivity and reliability of the Financial Statements of the Trust. International Financial Reporting Standards have been applied and management has exercised its judgment and made best estima

March 29, 2018 EX-99.5

the annual information form of the Trust for its fiscal year ended December 31, 2017, dated March 28, 2018 (the "AIF");

EX-99.5 6 pslv-20171231ex995e3a8b8.htm EX-99.5 Exhibit 99.5 ANNUAL INFORMATION FORM for the fiscal year ended December 31, 2017 SPROTT PHYSICAL SILVER TRUST (the “Trust”) March 28, 2018 TABLE OF CONTENTS CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS 1 CURRENCY 1 THE TRUST 1 History and Development of the Trust 1 Investment Objectives of the Trust 3 Investment Strategies of the Trust 4

March 29, 2018 EX-99.8

Attestation Report of KPMG LLP.

EX-99.8 9 pslv-20171231ex998e8e9e1.htm EX-99.8 Exhibit 99.8 kpmg LLP Chartered Professional Accountants Bay Adelaide Centre Telephone: (416) 777-8500 333 Bay Street Suite 4600 Fax: (416) 777-8818 Toronto, ON M5H 2S5 Internet: www.kpmg.ca Canada REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To Sprott Asset Management LP, the Trustee and the Unitholders of Sprott Physical Silver Trust Opin

March 29, 2018 EX-99.1

Certificate of the Chief Executive Officer under Section 302 of the Sarbanes-Oxley Act of 2002.

Exhibit 99.1 CERTIFICATION OF THE PRINCIPAL EXECUTIVE OFFICER I, John Ciampaglia, certify that: 1. I have reviewed this annual report on Form 40-F of Sprott Physical Silver Trust (the “Trust”); 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under whi

March 29, 2018 EX-99.3

Certificate of the Chief Executive Officer under Section 906 of the Sarbanes-Oxley Act of 2002.

Exhibit 99.3 PRINCIPAL EXECUTIVE OFFICER CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350 In connection with this Annual Report of Sprott Physical Silver Trust (the “Trust”) on Form 40-F for the year ended December 31, 2017 as filed with the Securities and Exchange Commission (the “SEC”) on or about the date hereof (the “Report”), I, John Ciampaglia, Principal Executive Officer of Sprott Asset Man

March 29, 2018 EX-99.9

Consent of KPMG LLP, independent auditors of the Registrant.

EX-99.9 10 pslv-20171231ex999065c6a.htm EX-99.9 Exhibit 99.9 Consent of Independent Registered Public Accounting Firm To Sprott Asset Management LP, Manager of Sprott Physical Silver Trust We consent to the incorporation by reference of our reports, each dated March 28, 2018, with respect to the financial statements and the effectiveness of internal control over financial reporting included in thi

March 29, 2018 40-F

PSLV / Sprott Physical Silver Trust 40-F

U.S. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 40-F ☐REGISTRATION STATEMENT PURSUANT TO SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ANNUAL REPORT PURSUANT TO SECTION 13(a) OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2017 Commission file number 001-34928 SPROTT PHYSICAL SILVER TRUST (Exact name of Registrant as specified in i

November 14, 2017 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of November 2017 Commission File Number: 001-3492

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of November 2017 Commission File Number: 001-34928 SPROTT PHYSICAL SILVER TRUST (Translation of registrant’s name into English) Suite 2600, South Tower, Royal Bank Plaza, 200 Bay Street, Toronto, Ont

November 14, 2017 EX-99.1

Sprott Physical Silver Trust Unaudited interim financial statements September 30, 2017

Table of Contents Exhibit 99.1 Sprott Physical Silver Trust Interim Report to Unitholders SEPTEMBER 30, 2017 Table of Contents Table of Contents Management Report of Fund Performance 3 Financial Statements 7 The management report of fund performance is an analysis and explanation that is designed to complement and supplement an investment fund?s financial statements. This report contains financial

October 12, 2017 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of October 2017 Commission File Number: 001-34928

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of October 2017 Commission File Number: 001-34928 SPROTT PHYSICAL SILVER TRUST (Translation of registrant's name into English) Suite 2600, South Tower, Royal Bank Plaza, 200 Bay Street, Toronto, Onta

August 14, 2017 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of August 2017 Commission File Number: 001-34928

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of August 2017 Commission File Number: 001-34928 SPROTT PHYSICAL SILVER TRUST (Translation of registrant?s name into English) Suite 2600, South Tower, Royal Bank Plaza, 200 Bay Street, Toronto, Ontar

August 14, 2017 EX-99.1

Sprott Physical Silver Trust Unaudited interim financial statements June 30, 2017

Table of Contents Exhibit 99.1 Sprott Physical Silver Trust Interim Report to Unitholders JUNE 30, 2017 Table of Contents Table of Contents Management Report of Fund Performance 3 Financial Statements 7 The management report of fund performance is an analysis and explanation that is designed to complement and supplement an investment fund?s financial statements. This report contains financial high

May 15, 2017 EX-99.1

Sprott Physical Silver Trust Unaudited interim financial statements March 31, 2017

Table of Contents Exhibit 99.1 Sprott Physical Silver Trust Interim Report to Unitholders MARCH 31, 2017 Table of Contents Table of Contents Management Report on Fund Performance 3 Financial Statements 7 The management report of fund performance is an analysis and explanation that is designed to complement and supplement an investment fund?s financial statements. This report contains financial hig

May 15, 2017 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of May 2017 Commission File Number: 001-34928 SPR

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of May 2017 Commission File Number: 001-34928 SPROTT PHYSICAL SILVER TRUST (Translation of registrant?s name into English) Suite 2700, South Tower, Royal Bank Plaza, 200 Bay Street, Toronto, Ontario,

March 24, 2017 EX-99.4

PRINCIPAL FINANCIAL OFFICER CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350

EX-99.4 5 a17-77543ex99d4.htm EX-99.4 Exhibit 99.4 PRINCIPAL FINANCIAL OFFICER CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350 In connection with this Annual Report of Sprott Physical Silver Trust (the “Trust”) on Form 40-F for the year ended December 31, 2016 as filed with the Securities and Exchange Commission (the “SEC”) on or about the date hereof (the “Report”), I, Kevin Hibbert, Principal F

March 24, 2017 EX-99.7

MANAGEMENT’S RESPONSIBILITY FOR FINANCIAL INFORMATION

EX-99.7 8 a17-77543ex99d7.htm EX-99.7 Exhibit 99.7 MANAGEMENT’S RESPONSIBILITY FOR FINANCIAL INFORMATION Sprott Asset Management LP, the “Manager” of the Sprott Physical Silver Trust (the “Trust”) is responsible for the integrity, consistency, objectivity and reliability of the Financial Statements of the Trust. International Financial Reporting Standards have been applied and management has exerc

March 24, 2017 EX-99.9

Consent of Independent Registered Public Accounting Firm

Exhibit 99.9 Consent of Independent Registered Public Accounting Firm Sprott Asset Management LP, Manager of Sprott Physical Silver Trust We consent to the inclusion in this annual report on Form 40-F of: ? our Report of Independent Registered Public Accounting Firm dated March 23, 2017 addressed to the unitholders of Sprott Physical Silver Trust (the ?Trust?), on the financial statements of the T

March 24, 2017 EX-99.10

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

Exhibit 99.10 CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM We consent to the reference to our firm under the caption ?Principal Accounting Fees and Services? and to the use in this Annual Report on Form 40-F filed with the United States Securities and Exchange Commission of our report dated March 30, 2016, with respect to the statement of financial position of Sprott Physical Silver Tr

March 24, 2017 EX-99.3

PRINCIPAL EXECUTIVE OFFICER CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350

Exhibit 99.3 PRINCIPAL EXECUTIVE OFFICER CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350 In connection with this Annual Report of Sprott Physical Silver Trust (the ?Trust?) on Form 40-F for the year ended December 31, 2016 as filed with the Securities and Exchange Commission (the ?SEC?) on or about the date hereof (the ?Report?), I, John Wilson, Principal Executive Officer of Sprott Asset Managem

March 24, 2017 40-F

U.S. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 40-F

U.S. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 40-F o REGISTRATION STATEMENT PURSUANT TO SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934 OR x ANNUAL REPORT PURSUANT TO SECTION 13(a) OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2016 Commission file number 001-34928 SPROTT PHYSICAL SILVER TRUST (Exact name of Registrant as specified in

March 24, 2017 EX-99.6

December 31,

Exhibit 99.6 Sprott Physical Silver Trust Report to Unitholders DECEMBER 31, 2016 Table of Contents Management Report on Fund Performance 3 Financial Statements 7 The management report of fund performance is an analysis and explanation that is designed to complement and supplement an investment fund?s financial statements. This report contains financial highlights but does not contain the complete

March 24, 2017 EX-99.8

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

EX-99.8 9 a17-77543ex99d8.htm EX-99.8 Exhibit 99.8 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To Sprott Asset Management LP, the Trustee and the Unitholders of Sprott Physical Silver Trust (the “Trust”) We have audited Sprott Physical Silver Trust’s internal control over financial reporting as of December 31, 2016, based on criteria established in Internal Control - Integrated Framewo

March 24, 2017 EX-99.1

CERTIFICATION OF THE PRINCIPAL EXECUTIVE OFFICER

Exhibit 99.1 CERTIFICATION OF THE PRINCIPAL EXECUTIVE OFFICER I, John Wilson, certify that: 1. I have reviewed this annual report on Form 40-F of Sprott Physical Silver Trust (the ?Trust?); 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which s

March 24, 2017 EX-99.2

CERTIFICATION OF THE PRINCIPAL FINANCIAL OFFICER

Exhibit 99.2 CERTIFICATION OF THE PRINCIPAL FINANCIAL OFFICER I, Kevin Hibbert, certify that: 1. I have reviewed this annual report on Form 40-F of Sprott Physical Silver Trust (the ?Trust?); 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which

March 24, 2017 EX-99.5

ANNUAL INFORMATION FORM for the fiscal year ended December 31, 2016 SPROTT PHYSICAL SILVER TRUST (the “Trust”) March 23, 2017

Exhibit 99.5 ANNUAL INFORMATION FORM for the fiscal year ended December 31, 2016 SPROTT PHYSICAL SILVER TRUST (the ?Trust?) March 23, 2017 TABLE OF CONTENTS CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS 1 CURRENCY 1 THE TRUST 1 History and Development of the Trust 1 Investment Objectives of the Trust 3 Investment Strategies of the Trust 3 Borrowing Arrangements 3 INVESTMENT RESTRICTION

November 14, 2016 EX-99.1

Sprott Physical Silver Trust Unaudited interim financial statements September 30, 2016

spstEx991 Table of Contents Exhibit 99.1 Sprott Physical Silver Trust Interim Report to Unitholders SEPTEMBER 30, 2016 Table of Contents Table of Contents Management Report on Fund Performance 3 Unaudited Interim Financial Statements 7 The management report of fund performance is an analysis and explanation that is designed to complement and supplement an investment fund’s financial statements. Th

November 14, 2016 6-K

Sprott Physical Silver Trust 6-K (Current Report of Foreign Issuer)

spstCurrent Folio6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.

August 11, 2016 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of August 2016 Commission File Number: 001-34928

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of August 2016 Commission File Number: 001-34928 SPROTT PHYSICAL SILVER TRUST (Translation of registrant’s name into English) Suite 2700, South Tower, Royal Bank Plaza, 200 Bay Street, Toronto, Ontar

August 11, 2016 EX-99.1

Sprott Physical Silver Trust Unaudited interim financial statements June 30, 2016

Table of Contents Exhibit 99.1 Sprott Physical Silver Trust Interim Report to Unitholders JUNE 30, 2016 Table of Contents Table of Contents Management Report on Fund Performance 3 Unaudited Interim Financial Statements 7 The management report of fund performance is an analysis and explanation that is designed to complement and supplement an investment fund?s financial statements. This report conta

June 24, 2016 SUPPL

PROSPECTUS SUPPLEMENT TO THE SHORT FORM BASE SHELF PROSPECTUS DATED JUNE 21, 2016

Use these links to rapidly review the document TABLE OF CONTENTS Filed Pursuant to General Instruction II.

June 24, 2016 EX-99.2

SPROTT PHYSICAL SILVER TRUST Trust Units Controlled Equity OfferingSM Sales Agreement

Exhibit 99.2 SPROTT PHYSICAL SILVER TRUST Trust Units Controlled Equity OfferingSM Sales Agreement June 24, 2016 Cantor Fitzgerald & Co. 499 Park Avenue New York, NY 10022 Ladies and Gentlemen: Sprott Physical Silver Trust, a trust formed and organized under the laws of the Province of Ontario (the ?Trust?) and managed by Sprott Asset Management LP, a limited partnership organized under the laws o

June 24, 2016 EX-99.1

Sprott Enhances Flexibility for Accretive Growth for the Physical Silver and Physical Platinum and Palladium Trusts

Exhibit 99.1 Sprott Enhances Flexibility for Accretive Growth for the Physical Silver and Physical Platinum and Palladium Trusts Toronto, Ontario, Canada ? June 24, 2016 ? Sprott Asset Management LP (?Sprott? or the ?Manager?), on behalf of the Sprott Physical Silver Trust (NYSE:PSLV / TSX:PHS.U) and the Sprott Physical Platinum and Palladium Trust (NYSE:SPPP / TSX:PPT.U) (together, the ?Trusts?)

June 24, 2016 6-K

June 24, 2016

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of June 2016 Commission File Number: 001-34928 SPROTT PHYSICAL SILVER TRUST (Translation of registrant’s name into English) Suite 2700, South Tower, Royal Bank Plaza, 200 Bay Street, Toronto, Ontario

June 21, 2016 F-10

As filed with the Securities and Exchange Commission on June 21, 2016

Use these links to rapidly review the document TABLE OF CONTENTS As filed with the Securities and Exchange Commission on June 21, 2016 Registration No.

June 21, 2016 F-X

U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM F-X APPOINTMENT OF AGENT FOR SERVICE OF PROCESS AND UNDERTAKING

U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM F-X APPOINTMENT OF AGENT FOR SERVICE OF PROCESS AND UNDERTAKING A. Name of issuer or person filing (?Filer?): RBC Investor Services Trust on Behalf of Sprott Physical Silver Trust B. (1) This is [check one] x an original filing for the Filer o an amended filing for the Filer (2) Check the following box if you are filing the Form F

June 21, 2016 F-X

U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM F-X APPOINTMENT OF AGENT FOR SERVICE OF PROCESS AND UNDERTAKING

U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM F-X APPOINTMENT OF AGENT FOR SERVICE OF PROCESS AND UNDERTAKING A. Name of issuer or person filing (?Filer?): Sprott Physical Silver Trust B. (1) This is [check one] x an original filing for the Filer o an amended filing for the Filer (2) Check the following box if you are filing the Form F-X in paper in accordance with Regulation

June 21, 2016 EX-5.3

SEWARD & KISSEL LLP

QuickLinks - Click here to rapidly navigate through this document Exhibit 5.3 SEWARD & KISSEL LLP 901 K STREET, N.W., SUITE 800 WASHINGTON, D.C. 20001 TELEPHONE: (202) 737-8833 FACSIMILE: (202) 737-5184 WWW.SEWKIS.COM ONE BATTERY PARK PLAZA NEW YORK, NEW YORK 10004 TELEPHONE: (212) 574-1200 FACSIMILE: (212) 480-8421 We hereby consent to the use of our name in the Registration Statement on Form F-1

May 12, 2016 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of May 2016 Commission File Number: 001-34928 SPR

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of May 2016 Commission File Number: 001-34928 SPROTT PHYSICAL SILVER TRUST (Translation of registrant?s name into English) Suite 2700, South Tower, Royal Bank Plaza, 200 Bay Street, Toronto, Ontario,

May 12, 2016 EX-99.1

March 31, 2016

Exhibit 99.1 Sprott Physical Silver Trust Interim Report to Unitholders MARCH 31, 2016 Table of Contents Management Report of Fund Performance 3 Unaudited Interim Financial Statements 7 The management report of fund performance is an analysis and explanation that is designed to complement and supplement an investment fund?s financial statements. This report contains financial highlights but does n

April 22, 2016 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of April 2016 Commission File Number: 001-34928 S

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of April 2016 Commission File Number: 001-34928 SPROTT PHYSICAL SILVER TRUST (Translation of registrant’s name into English) Suite 2700, South Tower, Royal Bank Plaza, 200 Bay Street, Toronto, Ontari

April 22, 2016 EX-99.1

FORM 51-102 F3 MATERIAL CHANGE REPORT

Exhibit 99.1 FORM 51-102 F3 MATERIAL CHANGE REPORT ITEM 1 Name and Address of Company Sprott Physical Silver Trust (the ?Trust?) Royal Bank Plaza, South Tower 200 Bay Street, Suite 2700 Toronto, Ontario M5J 2J1 ITEM 2 Date of Material Change April 13, 2016 ITEM 3 News Release A news release disclosing the material change was issued on April 13, 2016 through the facilities of Marketwired. ITEM 4 Su

April 13, 2016 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of April 2016 Commission File Number: 001-34928 S

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of April 2016 Commission File Number: 001-34928 SPROTT PHYSICAL SILVER TRUST (Translation of registrant?s name into English) Suite 2700, South Tower, Royal Bank Plaza, 200 Bay Street, Toronto, Ontari

April 13, 2016 EX-99.1

Sprott Physical Silver Trust Announces Completion of its Follow-on Offering of Trust Units And Exercise of Underwriters’ Overallotment Option

Exhibit 99.1 Sprott Physical Silver Trust Announces Completion of its Follow-on Offering of Trust Units And Exercise of Underwriters? Overallotment Option Toronto, Ontario, Canada ? April 13, 2016 ? Sprott Physical Silver Trust (the ?Trust?) (NYSE: PSLV / TSX: PHS.U), a trust created to invest and hold substantially all of its assets in physical silver bullion and managed by Sprott Asset Managemen

April 11, 2016 EX-99.1

12,300,000 Units SPROTT PHYSICAL SILVER TRUST UNDERWRITING AGREEMENT

Exhibit 99.1 EXECUTION VERSION 12,300,000 Units SPROTT PHYSICAL SILVER TRUST UNITS UNDERWRITING AGREEMENT April 8, 2016 April 8, 2016 Morgan Stanley & Co. LLC RBC Dominion Securities Inc. Canaccord Genuity Corp. National Bank Financial Inc. TD Securities Inc. BMO Nesbitt Burns Inc. Scotia Capital Inc. GMP Securities L.P. Desjardins Securities Inc. Raymond James Ltd. c/o Morgan Stanley & Co. LLC 15

April 11, 2016 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of April 2016 Commission File Number: 001-34928 S

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of April 2016 Commission File Number: 001-34928 SPROTT PHYSICAL SILVER TRUST (Translation of registrant?s name into English) Suite 2700, South Tower, Royal Bank Plaza, 200 Bay Street, Toronto, Ontari

April 8, 2016 SUPPL

Sprott Physical Silver Trust Trust Units

QuickLinks - Click here to rapidly navigate through this document Filed Pursuant to General Instruction II.

April 8, 2016 EX-99.4

Sprott Physical Silver Trust Prices Follow-on Offering of Trust Units In An Aggregate Amount of US$74,907,000

Exhibit 99.4 Sprott Physical Silver Trust Prices Follow-on Offering of Trust Units In An Aggregate Amount of US$74,907,000 Toronto, Ontario, Canada ? April 8, 2016 ?Sprott Physical Silver Trust (the ?Trust?) (NYSE: PSLV / TSX: PHS.U), a trust created to invest and hold substantially all of its assets in physical silver bullion and managed by Sprott Asset Management LP, announced today that it has

April 8, 2016 SUPPL

Sprott Physical Silver Trust 12,300,000 Trust Units

QuickLinks - Click here to rapidly navigate through this document Filed Pursuant to General Instruction II.

April 8, 2016 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of April 2016 Commission File Number: 001-34928 S

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of April 2016 Commission File Number: 001-34928 SPROTT PHYSICAL SILVER TRUST (Translation of registrant?s name into English) Suite 2700, South Tower, Royal Bank Plaza, 200 Bay Street, Toronto, Ontari

April 8, 2016 EX-99.2

Sprott Physical Silver Trust — Term Sheet

Exhibit 99.2 Sprott Physical Silver Trust ? Term Sheet A final base shelf prospectus containing important information relating to the securities described in this document has been filed with the securities regulatory authorities in each of the provinces and territories of Canada. A copy of the final base shelf prospectus, any amendment to the final base shelf prospectus and any applicable shelf p

April 8, 2016 FWP

Sprott Physical Silver Trust — Term Sheet

Filed pursuant to Rule 433 File No. 333-195436 Sprott Physical Silver Trust ? Term Sheet A final base shelf prospectus containing important information relating to the securities described in this document has been filed with the securities regulatory authorities in each of the provinces and territories of Canada. A copy of the final base shelf prospectus, any amendment to the final base shelf pro

April 8, 2016 FWP

Sprott Physical Silver Trust — Overnight Marketed — Term Sheet

Filed pursuant to Rule 433 File No. 333-195436 Sprott Physical Silver Trust ? Overnight Marketed ? Term Sheet A final base shelf prospectus containing important information relating to the securities described in this document has been filed with the securities regulatory authorities in each of the provinces and territories of Canada. A copy of the final base shelf prospectus, any amendment to the

April 8, 2016 EX-99.1

Sprott Physical Silver Trust — Overnight Marketed — Term Sheet

Exhibit 99.1 Sprott Physical Silver Trust ? Overnight Marketed ? Term Sheet A final base shelf prospectus containing important information relating to the securities described in this document has been filed with the securities regulatory authorities in each of the provinces and territories of Canada. A copy of the final base shelf prospectus, any amendment to the final base shelf prospectus and a

April 8, 2016 EX-99.3

Sprott Physical Silver Trust Announces Follow-on Offering of Trust Units

Exhibit 99.3 Sprott Physical Silver Trust Announces Follow-on Offering of Trust Units Toronto, Ontario, Canada ? April 7, 2016 ? Sprott Physical Silver Trust (the ?Trust?) (NYSE: PSLV / TSX: PHS.U), a trust created to invest and hold substantially all of its assets in physical silver bullion and managed by Sprott Asset Management LP, announced today that it has launched a follow-on offering (the ?

March 31, 2016 EX-99.5

ANNUAL INFORMATION FORM for the fiscal year ended December 31, 2015 SPROTT PHYSICAL SILVER TRUST (the “Trust”) March 30, 2016

EX-99.5 6 a16-61213ex99d5.htm EX-99.5 Exhibit 99.5 ANNUAL INFORMATION FORM for the fiscal year ended December 31, 2015 SPROTT PHYSICAL SILVER TRUST (the “Trust”) March 30, 2016 No securities regulatory authority has expressed an opinion about the units of the Trust and it is an offence to claim otherwise. TABLE OF CONTENTS CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS 1 CURRENCY 1 THE

March 31, 2016 EX-99.8

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

Exhibit 99.8 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To Sprott Asset Management LP (the ?Manager?), the Trustee and the Unitholders of the Sprott Physical Silver Trust We have audited the Sprott Physical Silver Trust?s (the ?Trust?) internal control over financial reporting as of December 31, 2015, based on criteria established in Internal Control-Integrated Framework issued by the

March 31, 2016 40-F

U.S. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 40-F

U.S. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 40-F o REGISTRATION STATEMENT PURSUANT TO SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934 OR x ANNUAL REPORT PURSUANT TO SECTION 13(a) OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2015 Commission file number 001-34928 SPROTT PHYSICAL SILVER TRUST (Exact name of Registrant as specified in

March 31, 2016 EX-99.7

1

Exhibit 99.7 MANAGEMENT?S RESPONSIBILITY FOR FINANCIAL INFORMATION Sprott Asset Management LP, the ?Manager? of the Sprott Physical Silver Trust (the ?Trust?) is responsible for the integrity, consistency, objectivity and reliability of the Financial Statements of the Trust. International Financial Reporting Standards have been applied and management has exercised its judgment and made best estima

March 31, 2016 EX-99.2

CERTIFICATION OF THE PRINCIPAL FINANCIAL OFFICER

Exhibit 99.2 CERTIFICATION OF THE PRINCIPAL FINANCIAL OFFICER I, Kevin Hibbert, certify that: 1. I have reviewed this annual report on Form 40-F of Sprott Physical Silver Trust (the ?Trust?); 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which

March 31, 2016 EX-99.4

PRINCIPAL FINANCIAL OFFICER CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350

EX-99.4 5 a16-61213ex99d4.htm EX-99.4 Exhibit 99.4 PRINCIPAL FINANCIAL OFFICER CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350 In connection with this Annual Report of Sprott Physical Silver Trust (the “Trust”) on Form 40-F for the year ended December 31, 2015 as filed with the Securities and Exchange Commission (the “SEC”) on or about the date hereof (the “Report”), I, Kevin Hibbert, Principal F

March 31, 2016 EX-99.6

December 31, 2015

EX-99.6 7 a16-61213ex99d6.htm EX-99.6 Exhibit 99.6 Sprott Physical Silver Trust Report to Unitholders DECEMBER 31, 2015 Table of Contents Annual Management Report of Fund Performance 3 Financial Statements 7 The management report of fund performance is an analysis and explanation that is designed to complement and supplement an investment fund’s financial statements. This report contains financial

March 31, 2016 EX-99.1

CERTIFICATION OF THE PRINCIPAL EXECUTIVE OFFICER

Exhibit 99.1 CERTIFICATION OF THE PRINCIPAL EXECUTIVE OFFICER I, John Wilson, certify that: 1. I have reviewed this annual report on Form 40-F of Sprott Physical Silver Trust (the ?Trust?); 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which s

March 31, 2016 EX-99.9

Consent of Independent Registered Public Accounting Firm

Exhibit 99.9 Consent of Independent Registered Public Accounting Firm We consent to the reference to our Firm under the captions ?Attestation Report of the Registered Public Accounting Firm? and ?Principal Accountant Fees and Services? and to the use in this Annual Report on Form 40-F filed with the United States Securities and Exchange Commission of our reports dated March 30, 2016, with respect

March 31, 2016 EX-99.3

PRINCIPAL EXECUTIVE OFFICER CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350

EX-99.3 4 a16-61213ex99d3.htm EX-99.3 Exhibit 99.3 PRINCIPAL EXECUTIVE OFFICER CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350 In connection with this Annual Report of Sprott Physical Silver Trust (the “Trust”) on Form 40-F for the year ended December 31, 2015 as filed with the Securities and Exchange Commission (the “SEC”) on or about the date hereof (the “Report”), I, John Wilson, Principal Exe

March 23, 2016 EX-99.1

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PRECIOUS METALS STORAGE AGREEMENT entered into as of the 14th day of March, 2014. B E T W E E N: ROYAL CANADIAN MINT Ottawa, Ontario, Canada, a Body Corporate established by the Royal Canadian Mint Act, R.S.C. 1985, c.R-9. (hereinafter referred to as the ?Mint?) OF THE FIRST PART A N D: SPROTT ASSET MANAGEMENT LP for and on behalf of Sprott Physical Silver Trust, a trust organized under the laws o

March 23, 2016 6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of March 2016 Commission File Number: 001-34928 S

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of March 2016 Commission File Number: 001-34928 SPROTT PHYSICAL SILVER TRUST (Translation of registrant's name into English) Suite 2700, South Tower, Royal Bank Plaza, 200 Bay Street, Toronto, Ontari

January 21, 2016 RW

[Sprott Physical Silver Trust letterhead]

[Sprott Physical Silver Trust letterhead] January 21, 2016 Via EDGAR U.S. Securities and Exchange Commission Division of Corporation Finance 100 F Street, N.E. Washington, D.C. 20549-3628 Re: Sprott Physical Silver Trust Application for Withdrawal of Registration Statement on Form F-10, File No. 333-204467 Ladies and Gentlemen: Pursuant to Rule 477 (?Rule 477?) under the Securities Act of 1933, as

January 19, 2016 425

SPROTT’S OFFER FOR SILVER BULLION TRUST EXPIRES

Filer: Sprott Physical Silver Trust Pursuant to Rule 425 under the Securities Act of 1933 Subject Company: Silver Bullion Trust Commission File No.

December 17, 2015 F-10/A

As filed with the Securities and Exchange Commission on December 16, 2015

QuickLinks - Click here to rapidly navigate through this document As filed with the Securities and Exchange Commission on December 16, 2015 Registration No.

December 16, 2015 425

SPROTT ANNOUNCES AGREEMENT WITH PURPOSE INVESTMENTS IN CONNECTION WITH OFFERS FOR CENTRAL GOLDTRUST AND SILVER BULLION TRUST Central GoldTrust Unitholders to Vote on Sprott Offer on January 15, 2016

Filer: Sprott Physical Silver Trust Pursuant to Rule 425 under the Securities Act of 1933 Subject Company: Silver Bullion Trust Commission File No.

December 10, 2015 425

SPROTT ANNOUNCES EXPIRY DATE OF JANUARY 15, 2016 IN OFFERS FOR CENTRAL GOLDTRUST AND SILVER BULLION TRUST

Filer: Sprott Physical Silver Trust Pursuant to Rule 425 under the Securities Act of 1933 Subject Company: Silver Bullion Trust Commission File No.

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