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, 2021, as such may thereafter be amended or supplemented, and in the base prospectus contained therein, under the caption "Legal Matters", without admitting we are "experts" within the meaning of the Securities Act of 1933, as amended, or the rules and regulations of the U.S. Securities and Exchange Commission thereunder with respect to any part of the Registration Statement.

Washington, D.C.

March 9, 2021

Very truly yours,

/s/ SEWARD & KISSEL LLP

Seward & Kissel LLP