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abrdn Silver ETF Trust – ‘10-K/A’ for 12/31/21 – ‘EX-101.LAB’

On:  Thursday, 9/29/22, at 5:24pm ET   ·   For:  12/31/21   ·   Accession #:  1839882-22-22256   ·   File #:  1-34412

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 9/29/22  abrdn Silver ETF Trust            10-K/A     12/31/21   39:2.6M                                   Quality Edgar - QES/FA

Amendment to Annual Report   —   Form 10-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K/A      Amendment to Form 10-K                              HTML   1.02M 
 2: EX-23.1     Consent of Kpmg LLP, Independent Registered Public  HTML     13K 
                Accounting Firm                                                  
 3: EX-31.1     Chief Executive Officer's Certificate               HTML     18K 
 4: EX-31.2     Chief Financial Officer's Certificate               HTML     18K 
 5: EX-31.3     Chief Executive Officer's Certificate               HTML     18K 
 6: EX-31.4     Chief Financial Officer's Certificate               HTML     18K 
 7: EX-32.1     Chief Executive Officer's Certificate               HTML     15K 
 8: EX-32.2     Chief Financial Officer's Certificate               HTML     15K 
 9: EX-32.3     Chief Executive Officer's Certificate               HTML     15K 
10: EX-32.4     Chief Financial Officer's Certificate               HTML     15K 
16: R1          Cover                                               HTML     84K 
17: R2          Statements of Assets and Liabilities                HTML     42K 
18: R3          Statements of Assets and Liabilities                HTML     27K 
                (Parenthetical)                                                  
19: R4          Schedules of Investments                            HTML     36K 
20: R5          Statements of Operations                            HTML     50K 
21: R6          Statements of Changes in Net Assets                 HTML     37K 
22: R7          Financial Highlights                                HTML     33K 
23: R8          Financial Highlights (Parenthetical)                HTML     14K 
24: R9          Organization                                        HTML     18K 
25: R10         Significant Accounting Policies                     HTML     78K 
26: R11         Related Parties                                     HTML     17K 
27: R12         Concentration of Risk                               HTML     16K 
28: R13         Indemnification                                     HTML     17K 
29: R14         Significant Accounting Policies (Policies)          HTML     90K 
30: R15         Significant Accounting Policies (Tables)            HTML     52K 
31: R16         Organization (Details Narrative)                    HTML     15K 
32: R17         The categorization of the Trust?s assets is as      HTML     17K 
                shown below (Details)                                            
33: R18         Changes in ounces of silver and their respective    HTML     37K 
                values for the years ended December 31, 2021 and                 
                2020 are set out below (Details)                                 
34: R19         Significant Accounting Policies (Details            HTML     38K 
                Narrative)                                                       
37: XML         IDEA XML File -- Filing Summary                      XML     53K 
35: XML         XBRL Instance -- sivr-10ka_123121_htm                XML    311K 
36: EXCEL       IDEA Workbook of Financial Reports                  XLSX     46K 
12: EX-101.CAL  XBRL Calculations -- sivr-20211231_cal               XML     44K 
13: EX-101.DEF  XBRL Definitions -- sivr-20211231_def                XML     52K 
14: EX-101.LAB  XBRL Labels -- sivr-20211231_lab                     XML    334K 
15: EX-101.PRE  XBRL Presentations -- sivr-20211231_pre              XML    216K 
11: EX-101.SCH  XBRL Schema -- sivr-20211231                         XSD     62K 
38: JSON        XBRL Instance as JSON Data -- MetaLinks              105±   140K 
39: ZIP         XBRL Zipped Folder -- 0001839882-22-022256-xbrl      Zip    251K

‘EX-101.LAB’   —   XBRL Labels — sivr-20211231_lab

This Exhibit is an XBRL XML File.

                                                                                                                                                                                
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<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd#srt_CurrencyAxis" xlink:label="srt_CurrencyAxis"/>
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<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_CurrencyAxis_lbl" xml:lang="en-US"> Currency [Axis] </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/currency/2021/currency-2021.xsd#currency_XAG" xlink:label="currency_XAG"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="currency_XAG" xlink:to="currency_XAG_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="currency_XAG_lbl" xml:lang="en-US"> Silver, Ounces </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:label="us-gaap_FairValueByFairValueHierarchyLevelAxis"/>
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<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueByFairValueHierarchyLevelAxis_lbl" xml:lang="en-US"> Fair Value Hierarchy and NAV [Axis] </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_FairValueInputsLevel1Member" xlink:label="us-gaap_FairValueInputsLevel1Member"/>
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<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueInputsLevel1Member_lbl" xml:lang="en-US"> Fair Value, Inputs, Level 1 [Member] </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_CoverAbstract" xlink:label="dei_CoverAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CoverAbstract" xlink:to="dei_CoverAbstract_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CoverAbstract_lbl" xml:lang="en-US"> Cover [Abstract] </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentType" xlink:label="dei_DocumentType"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentType" xlink:to="dei_DocumentType_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentType_lbl" xml:lang="en-US"> Document Type </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_AmendmentFlag" xlink:label="dei_AmendmentFlag"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentFlag" xlink:to="dei_AmendmentFlag_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AmendmentFlag_lbl" xml:lang="en-US"> Amendment Flag </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_AmendmentDescription" xlink:label="dei_AmendmentDescription"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentDescription" xlink:to="dei_AmendmentDescription_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AmendmentDescription_lbl" xml:lang="en-US"> Amendment Description </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentRegistrationStatement" xlink:label="dei_DocumentRegistrationStatement"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentRegistrationStatement" xlink:to="dei_DocumentRegistrationStatement_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentRegistrationStatement_lbl" xml:lang="en-US"> Document Registration Statement </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentAnnualReport" xlink:label="dei_DocumentAnnualReport"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentAnnualReport" xlink:to="dei_DocumentAnnualReport_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentAnnualReport_lbl" xml:lang="en-US"> Document Annual Report </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentQuarterlyReport" xlink:label="dei_DocumentQuarterlyReport"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentQuarterlyReport" xlink:to="dei_DocumentQuarterlyReport_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentQuarterlyReport_lbl" xml:lang="en-US"> Document Quarterly Report </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentTransitionReport" xlink:label="dei_DocumentTransitionReport"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentTransitionReport" xlink:to="dei_DocumentTransitionReport_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentTransitionReport_lbl" xml:lang="en-US"> Document Transition Report </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentShellCompanyReport" xlink:label="dei_DocumentShellCompanyReport"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentShellCompanyReport" xlink:to="dei_DocumentShellCompanyReport_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentShellCompanyReport_lbl" xml:lang="en-US"> Document Shell Company Report </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentShellCompanyEventDate" xlink:label="dei_DocumentShellCompanyEventDate"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentShellCompanyEventDate" xlink:to="dei_DocumentShellCompanyEventDate_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentShellCompanyEventDate_lbl" xml:lang="en-US"> Document Shell Company Event Date </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentPeriodStartDate" xlink:label="dei_DocumentPeriodStartDate"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodStartDate" xlink:to="dei_DocumentPeriodStartDate_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentPeriodStartDate_lbl" xml:lang="en-US"> Document Period Start Date </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentPeriodEndDate" xlink:label="dei_DocumentPeriodEndDate"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodEndDate" xlink:to="dei_DocumentPeriodEndDate_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentPeriodEndDate_lbl" xml:lang="en-US"> Document Period End Date </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="dei_DocumentFiscalPeriodFocus"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalPeriodFocus" xlink:to="dei_DocumentFiscalPeriodFocus_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentFiscalPeriodFocus_lbl" xml:lang="en-US"> Document Fiscal Period Focus </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentFiscalYearFocus" xlink:label="dei_DocumentFiscalYearFocus"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalYearFocus" xlink:to="dei_DocumentFiscalYearFocus_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentFiscalYearFocus_lbl" xml:lang="en-US"> Document Fiscal Year Focus </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_CurrentFiscalYearEndDate" xlink:label="dei_CurrentFiscalYearEndDate"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CurrentFiscalYearEndDate" xlink:to="dei_CurrentFiscalYearEndDate_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CurrentFiscalYearEndDate_lbl" xml:lang="en-US"> Current Fiscal Year End Date </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityFileNumber" xlink:label="dei_EntityFileNumber"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFileNumber" xlink:to="dei_EntityFileNumber_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityFileNumber_lbl" xml:lang="en-US"> Entity File Number </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityRegistrantName" xlink:label="dei_EntityRegistrantName"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityRegistrantName" xlink:to="dei_EntityRegistrantName_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityRegistrantName_lbl" xml:lang="en-US"> Entity Registrant Name </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityCentralIndexKey" xlink:label="dei_EntityCentralIndexKey"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCentralIndexKey" xlink:to="dei_EntityCentralIndexKey_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCentralIndexKey_lbl" xml:lang="en-US"> Entity Central Index Key </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityPrimarySicNumber" xlink:label="dei_EntityPrimarySicNumber"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityPrimarySicNumber" xlink:to="dei_EntityPrimarySicNumber_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityPrimarySicNumber_lbl" xml:lang="en-US"> Entity Primary SIC Number </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityTaxIdentificationNumber" xlink:label="dei_EntityTaxIdentificationNumber"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityTaxIdentificationNumber" xlink:to="dei_EntityTaxIdentificationNumber_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityTaxIdentificationNumber_lbl" xml:lang="en-US"> Entity Tax Identification Number </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityIncorporationStateCountryCode" xlink:label="dei_EntityIncorporationStateCountryCode"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityIncorporationStateCountryCode" xlink:to="dei_EntityIncorporationStateCountryCode_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityIncorporationStateCountryCode_lbl" xml:lang="en-US"> Entity Incorporation, State or Country Code </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressAddressLine1" xlink:label="dei_EntityAddressAddressLine1"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine1" xlink:to="dei_EntityAddressAddressLine1_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressAddressLine1_lbl" xml:lang="en-US"> Entity Address, Address Line One </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressAddressLine2" xlink:label="dei_EntityAddressAddressLine2"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine2" xlink:to="dei_EntityAddressAddressLine2_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressAddressLine2_lbl" xml:lang="en-US"> Entity Address, Address Line Two </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressAddressLine3" xlink:label="dei_EntityAddressAddressLine3"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine3" xlink:to="dei_EntityAddressAddressLine3_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressAddressLine3_lbl" xml:lang="en-US"> Entity Address, Address Line Three </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressCityOrTown" xlink:label="dei_EntityAddressCityOrTown"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressCityOrTown" xlink:to="dei_EntityAddressCityOrTown_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressCityOrTown_lbl" xml:lang="en-US"> Entity Address, City or Town </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressStateOrProvince" xlink:label="dei_EntityAddressStateOrProvince"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressStateOrProvince" xlink:to="dei_EntityAddressStateOrProvince_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressStateOrProvince_lbl" xml:lang="en-US"> Entity Address, State or Province </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressCountry" xlink:label="dei_EntityAddressCountry"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressCountry" xlink:to="dei_EntityAddressCountry_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressCountry_lbl" xml:lang="en-US"> Entity Address, Country </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressPostalZipCode" xlink:label="dei_EntityAddressPostalZipCode"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressPostalZipCode" xlink:to="dei_EntityAddressPostalZipCode_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressPostalZipCode_lbl" xml:lang="en-US"> Entity Address, Postal Zip Code </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_CountryRegion" xlink:label="dei_CountryRegion"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CountryRegion" xlink:to="dei_CountryRegion_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CountryRegion_lbl" xml:lang="en-US"> Country Region </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_CityAreaCode" xlink:label="dei_CityAreaCode"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CityAreaCode" xlink:to="dei_CityAreaCode_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CityAreaCode_lbl" xml:lang="en-US"> City Area Code </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_LocalPhoneNumber" xlink:label="dei_LocalPhoneNumber"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_LocalPhoneNumber" xlink:to="dei_LocalPhoneNumber_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_LocalPhoneNumber_lbl" xml:lang="en-US"> Local Phone Number </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_Extension" xlink:label="dei_Extension"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Extension" xlink:to="dei_Extension_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_Extension_lbl" xml:lang="en-US"> Extension </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_WrittenCommunications" xlink:label="dei_WrittenCommunications"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_WrittenCommunications" xlink:to="dei_WrittenCommunications_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_WrittenCommunications_lbl" xml:lang="en-US"> Written Communications </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_SolicitingMaterial" xlink:label="dei_SolicitingMaterial"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SolicitingMaterial" xlink:to="dei_SolicitingMaterial_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SolicitingMaterial_lbl" xml:lang="en-US"> Soliciting Material </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_PreCommencementTenderOffer" xlink:label="dei_PreCommencementTenderOffer"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_PreCommencementTenderOffer" xlink:to="dei_PreCommencementTenderOffer_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_PreCommencementTenderOffer_lbl" xml:lang="en-US"> Pre-commencement Tender Offer </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_PreCommencementIssuerTenderOffer" xlink:label="dei_PreCommencementIssuerTenderOffer"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_PreCommencementIssuerTenderOffer" xlink:to="dei_PreCommencementIssuerTenderOffer_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_PreCommencementIssuerTenderOffer_lbl" xml:lang="en-US"> Pre-commencement Issuer Tender Offer </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_Security12bTitle" xlink:label="dei_Security12bTitle"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Security12bTitle" xlink:to="dei_Security12bTitle_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_Security12bTitle_lbl" xml:lang="en-US"> Title of 12(b) Security </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_NoTradingSymbolFlag" xlink:label="dei_NoTradingSymbolFlag"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_NoTradingSymbolFlag" xlink:to="dei_NoTradingSymbolFlag_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_NoTradingSymbolFlag_lbl" xml:lang="en-US"> No Trading Symbol Flag </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_TradingSymbol" xlink:label="dei_TradingSymbol"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_TradingSymbol" xlink:to="dei_TradingSymbol_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_TradingSymbol_lbl" xml:lang="en-US"> Trading Symbol </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_SecurityExchangeName" xlink:label="dei_SecurityExchangeName"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SecurityExchangeName" xlink:to="dei_SecurityExchangeName_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SecurityExchangeName_lbl" xml:lang="en-US"> Security Exchange Name </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_Security12gTitle" xlink:label="dei_Security12gTitle"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Security12gTitle" xlink:to="dei_Security12gTitle_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_Security12gTitle_lbl" xml:lang="en-US"> Title of 12(g) Security </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_SecurityReportingObligation" xlink:label="dei_SecurityReportingObligation"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SecurityReportingObligation" xlink:to="dei_SecurityReportingObligation_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SecurityReportingObligation_lbl" xml:lang="en-US"> Security Reporting Obligation </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_AnnualInformationForm" xlink:label="dei_AnnualInformationForm"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AnnualInformationForm" xlink:to="dei_AnnualInformationForm_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AnnualInformationForm_lbl" xml:lang="en-US"> Annual Information Form </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_AuditedAnnualFinancialStatements" xlink:label="dei_AuditedAnnualFinancialStatements"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AuditedAnnualFinancialStatements" xlink:to="dei_AuditedAnnualFinancialStatements_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AuditedAnnualFinancialStatements_lbl" xml:lang="en-US"> Audited Annual Financial Statements </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="dei_EntityWellKnownSeasonedIssuer"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityWellKnownSeasonedIssuer" xlink:to="dei_EntityWellKnownSeasonedIssuer_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityWellKnownSeasonedIssuer_lbl" xml:lang="en-US"> Entity Well-known Seasoned Issuer </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityVoluntaryFilers" xlink:label="dei_EntityVoluntaryFilers"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityVoluntaryFilers" xlink:to="dei_EntityVoluntaryFilers_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityVoluntaryFilers_lbl" xml:lang="en-US"> Entity Voluntary Filers </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityCurrentReportingStatus" xlink:label="dei_EntityCurrentReportingStatus"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCurrentReportingStatus" xlink:to="dei_EntityCurrentReportingStatus_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCurrentReportingStatus_lbl" xml:lang="en-US"> Entity Current Reporting Status </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityInteractiveDataCurrent" xlink:label="dei_EntityInteractiveDataCurrent"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityInteractiveDataCurrent" xlink:to="dei_EntityInteractiveDataCurrent_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityInteractiveDataCurrent_lbl" xml:lang="en-US"> Entity Interactive Data Current </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityFilerCategory" xlink:label="dei_EntityFilerCategory"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFilerCategory" xlink:to="dei_EntityFilerCategory_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityFilerCategory_lbl" xml:lang="en-US"> Entity Filer Category </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntitySmallBusiness" xlink:label="dei_EntitySmallBusiness"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntitySmallBusiness" xlink:to="dei_EntitySmallBusiness_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntitySmallBusiness_lbl" xml:lang="en-US"> Entity Small Business </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityEmergingGrowthCompany" xlink:label="dei_EntityEmergingGrowthCompany"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityEmergingGrowthCompany" xlink:to="dei_EntityEmergingGrowthCompany_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityEmergingGrowthCompany_lbl" xml:lang="en-US"> Entity Emerging Growth Company </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityExTransitionPeriod" xlink:label="dei_EntityExTransitionPeriod"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityExTransitionPeriod" xlink:to="dei_EntityExTransitionPeriod_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityExTransitionPeriod_lbl" xml:lang="en-US"> Elected Not To Use the Extended Transition Period </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentAccountingStandard" xlink:label="dei_DocumentAccountingStandard"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentAccountingStandard" xlink:to="dei_DocumentAccountingStandard_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentAccountingStandard_lbl" xml:lang="en-US"> Document Accounting Standard </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_OtherReportingStandardItemNumber" xlink:label="dei_OtherReportingStandardItemNumber"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_OtherReportingStandardItemNumber" xlink:to="dei_OtherReportingStandardItemNumber_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_OtherReportingStandardItemNumber_lbl" xml:lang="en-US"> Other Reporting Standard Item Number </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityShellCompany" xlink:label="dei_EntityShellCompany"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityShellCompany" xlink:to="dei_EntityShellCompany_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityShellCompany_lbl" xml:lang="en-US"> Entity Shell Company </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityPublicFloat" xlink:label="dei_EntityPublicFloat"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityPublicFloat" xlink:to="dei_EntityPublicFloat_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityPublicFloat_lbl" xml:lang="en-US"> Entity Public Float </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityBankruptcyProceedingsReportingCurrent" xlink:label="dei_EntityBankruptcyProceedingsReportingCurrent"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityBankruptcyProceedingsReportingCurrent" xlink:to="dei_EntityBankruptcyProceedingsReportingCurrent_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityBankruptcyProceedingsReportingCurrent_lbl" xml:lang="en-US"> Entity Bankruptcy Proceedings, Reporting Current </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="dei_EntityCommonStockSharesOutstanding"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCommonStockSharesOutstanding" xlink:to="dei_EntityCommonStockSharesOutstanding_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCommonStockSharesOutstanding_lbl" xml:lang="en-US"> Entity Common Stock, Shares Outstanding </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentsIncorporatedByReferenceTextBlock" xlink:label="dei_DocumentsIncorporatedByReferenceTextBlock"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentsIncorporatedByReferenceTextBlock" xlink:to="dei_DocumentsIncorporatedByReferenceTextBlock_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentsIncorporatedByReferenceTextBlock_lbl" xml:lang="en-US"> Documents Incorporated by Reference [Text Block] </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_IcfrAuditorAttestationFlag" xlink:label="dei_IcfrAuditorAttestationFlag"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_IcfrAuditorAttestationFlag" xlink:to="dei_IcfrAuditorAttestationFlag_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_IcfrAuditorAttestationFlag_lbl" xml:lang="en-US"> ICFR Auditor Attestation Flag </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_AuditorName" xlink:label="dei_AuditorName"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AuditorName" xlink:to="dei_AuditorName_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AuditorName_lbl" xml:lang="en-US"> Auditor Name </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_AuditorLocation" xlink:label="dei_AuditorLocation"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AuditorLocation" xlink:to="dei_AuditorLocation_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AuditorLocation_lbl" xml:lang="en-US"> Auditor Location </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_AuditorFirmId" xlink:label="dei_AuditorFirmId"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AuditorFirmId" xlink:to="dei_AuditorFirmId_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AuditorFirmId_lbl" xml:lang="en-US"> Auditor Firm ID </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StatementOfFinancialPositionAbstract" xlink:label="us-gaap_StatementOfFinancialPositionAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementOfFinancialPositionAbstract" xlink:to="us-gaap_StatementOfFinancialPositionAbstract_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementOfFinancialPositionAbstract_lbl" xml:lang="en-US"> Statement of Financial Position [Abstract] </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="us-gaap_AssetsAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsAbstract" xlink:to="us-gaap_AssetsAbstract_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetsAbstract_lbl" xml:lang="en-US"> ASSETS </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_InvestmentInPhysicalCommodities" xlink:label="us-gaap_InvestmentInPhysicalCommodities"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentInPhysicalCommodities" xlink:to="us-gaap_InvestmentInPhysicalCommodities_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InvestmentInPhysicalCommodities_lbl" xml:lang="en-US"> Investment in silver (cost: December 31, 2021: $895,562; December 31, 2020: $608,877) </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_Assets" xlink:label="us-gaap_Assets"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Assets" xlink:to="us-gaap_Assets_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_Assets_lbl" xml:lang="en-US"> Total assets </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LiabilitiesAbstract" xlink:label="us-gaap_LiabilitiesAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAbstract" xlink:to="us-gaap_LiabilitiesAbstract_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilitiesAbstract_lbl" xml:lang="en-US"> LIABILITIES </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_AccountsPayableRelatedPartiesCurrent" xlink:label="us-gaap_AccountsPayableRelatedPartiesCurrent"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountsPayableRelatedPartiesCurrent" xlink:to="us-gaap_AccountsPayableRelatedPartiesCurrent_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccountsPayableRelatedPartiesCurrent_lbl" xml:lang="en-US"> Fees payable to Sponsor </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_Liabilities" xlink:label="us-gaap_Liabilities"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Liabilities" xlink:to="us-gaap_Liabilities_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_Liabilities_lbl" xml:lang="en-US"> Total liabilities </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_AssetsNet" xlink:label="us-gaap_AssetsNet"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsNet" xlink:to="us-gaap_AssetsNet_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_AssetsNet_lbl" xml:lang="en-US"> NET ASSETS </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_InvestmentCompanyAbstract" xlink:label="us-gaap_InvestmentCompanyAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentCompanyAbstract" xlink:to="us-gaap_InvestmentCompanyAbstract_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InvestmentCompanyAbstract_lbl" xml:lang="en-US"> Investment Company [Abstract] </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_InvestmentOwnedAtCost" xlink:label="us-gaap_InvestmentOwnedAtCost"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentOwnedAtCost" xlink:to="us-gaap_InvestmentOwnedAtCost_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InvestmentOwnedAtCost_lbl" xml:lang="en-US"> Investment in silver at cost </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CommonStockSharesAuthorizedUnlimited" xlink:label="us-gaap_CommonStockSharesAuthorizedUnlimited"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesAuthorizedUnlimited" xlink:to="us-gaap_CommonStockSharesAuthorizedUnlimited_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockSharesAuthorizedUnlimited_lbl" xml:lang="en-US"> Common stock, shares authorized </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CommonStockNoParValue" xlink:label="us-gaap_CommonStockNoParValue"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockNoParValue" xlink:to="us-gaap_CommonStockNoParValue_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockNoParValue_lbl" xml:lang="en-US"> Common stock, par value (in dollars per share) </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CommonStockSharesOutstanding" xlink:label="us-gaap_CommonStockSharesOutstanding"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesOutstanding" xlink:to="us-gaap_CommonStockSharesOutstanding_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockSharesOutstanding_lbl" xml:lang="en-US"> Common stock, shares outstanding </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CommonStockSharesIssued" xlink:label="us-gaap_CommonStockSharesIssued"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesIssued" xlink:to="us-gaap_CommonStockSharesIssued_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockSharesIssued_lbl" xml:lang="en-US"> Common stock, shares issued </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_NetAssetValuePerShare" xlink:label="us-gaap_NetAssetValuePerShare"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetAssetValuePerShare" xlink:to="us-gaap_NetAssetValuePerShare_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetAssetValuePerShare_lbl" xml:lang="en-US"> Net asset value per share (in dollars per share) </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StatementTable" xlink:label="us-gaap_StatementTable"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementTable" xlink:to="us-gaap_StatementTable_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementTable_lbl" xml:lang="en-US"> Statement [Table] </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StatementLineItems" xlink:label="us-gaap_StatementLineItems"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementLineItems" xlink:to="us-gaap_StatementLineItems_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementLineItems_lbl" xml:lang="en-US"> Statement [Line Items] </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_InvestmentOwnedBalanceOtherMeasure" xlink:label="us-gaap_InvestmentOwnedBalanceOtherMeasure"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentOwnedBalanceOtherMeasure" xlink:to="us-gaap_InvestmentOwnedBalanceOtherMeasure_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InvestmentOwnedBalanceOtherMeasure_lbl" xml:lang="en-US"> Investment in silver </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentOwnedAtCost" xlink:to="us-gaap_InvestmentOwnedAtCost_2_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_InvestmentOwnedAtCost_2_lbl" xml:lang="en-US"> Cost </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_InvestmentOwnedAtFairValue" xlink:label="us-gaap_InvestmentOwnedAtFairValue"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentOwnedAtFairValue" xlink:to="us-gaap_InvestmentOwnedAtFairValue_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InvestmentOwnedAtFairValue_lbl" xml:lang="en-US"> Fair Value </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_InvestmentOwnedPercentOfNetAssets" xlink:label="us-gaap_InvestmentOwnedPercentOfNetAssets"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentOwnedPercentOfNetAssets" xlink:to="us-gaap_InvestmentOwnedPercentOfNetAssets_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InvestmentOwnedPercentOfNetAssets_lbl" xml:lang="en-US"> % of Net Assets </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_NonInvestmentAssetsLessNonInvestmentLiabilities" xlink:label="us-gaap_NonInvestmentAssetsLessNonInvestmentLiabilities"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NonInvestmentAssetsLessNonInvestmentLiabilities" xlink:to="us-gaap_NonInvestmentAssetsLessNonInvestmentLiabilities_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NonInvestmentAssetsLessNonInvestmentLiabilities_lbl" xml:lang="en-US"> Less Liabilities </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_NonInvestmentAssetsLessNonInvestmentLiabilitiesPercentOfNetAssets" xlink:label="us-gaap_NonInvestmentAssetsLessNonInvestmentLiabilitiesPercentOfNetAssets"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NonInvestmentAssetsLessNonInvestmentLiabilitiesPercentOfNetAssets" xlink:to="us-gaap_NonInvestmentAssetsLessNonInvestmentLiabilitiesPercentOfNetAssets_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NonInvestmentAssetsLessNonInvestmentLiabilitiesPercentOfNetAssets_lbl" xml:lang="en-US"> Less liabilities, % of Net Assets </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsNet" xlink:to="us-gaap_AssetsNet_2_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetsNet_2_lbl" xml:lang="en-US"> Net Assets </link:label>
<link:loc xlink:type="locator" xlink:href="sivr-20211231.xsd#sivr_NetAssetsPercentageOfNetAssets" xlink:label="sivr_NetAssetsPercentageOfNetAssets"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_NetAssetsPercentageOfNetAssets" xlink:to="sivr_NetAssetsPercentageOfNetAssets_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="sivr_NetAssetsPercentageOfNetAssets_lbl" xml:lang="en-US"> Net Assets, % of Net Assets </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_IncomeStatementAbstract" xlink:label="us-gaap_IncomeStatementAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeStatementAbstract" xlink:to="us-gaap_IncomeStatementAbstract_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeStatementAbstract_lbl" xml:lang="en-US"> Income Statement [Abstract] </link:label>
<link:loc xlink:type="locator" xlink:href="sivr-20211231.xsd#sivr_ExpensesAbstract" xlink:label="sivr_ExpensesAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_ExpensesAbstract" xlink:to="sivr_ExpensesAbstract_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="sivr_ExpensesAbstract_lbl" xml:lang="en-US"> EXPENSES </link:label>
<link:loc xlink:type="locator" xlink:href="sivr-20211231.xsd#sivr_SponsorsFeesGross" xlink:label="sivr_SponsorsFeesGross"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_SponsorsFeesGross" xlink:to="sivr_SponsorsFeesGross_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="sivr_SponsorsFeesGross_lbl" xml:lang="en-US"> Sponsor’s Fee </link:label>
<link:loc xlink:type="locator" xlink:href="sivr-20211231.xsd#sivr_SponsorFeesWaived" xlink:label="sivr_SponsorFeesWaived"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_SponsorFeesWaived" xlink:to="sivr_SponsorFeesWaived_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="sivr_SponsorFeesWaived_lbl" xml:lang="en-US"> Less: Waiver </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_OperatingExpenses" xlink:label="us-gaap_OperatingExpenses"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingExpenses" xlink:to="us-gaap_OperatingExpenses_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_OperatingExpenses_lbl" xml:lang="en-US"> Total expenses </link:label>
<link:loc xlink:type="locator" xlink:href="sivr-20211231.xsd#sivr_NetInvestmentGainLoss" xlink:label="sivr_NetInvestmentGainLoss"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_NetInvestmentGainLoss" xlink:to="sivr_NetInvestmentGainLoss_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="sivr_NetInvestmentGainLoss_lbl" xml:lang="en-US"> Net investment loss </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_NonoperatingGainsLossesAbstract" xlink:label="us-gaap_NonoperatingGainsLossesAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NonoperatingGainsLossesAbstract" xlink:to="us-gaap_NonoperatingGainsLossesAbstract_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NonoperatingGainsLossesAbstract_lbl" xml:lang="en-US"> REALIZED AND UNREALIZED GAINS / (LOSSES) </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_GainLossOnSaleOfTrustAssetsToPayExpenses" xlink:label="us-gaap_GainLossOnSaleOfTrustAssetsToPayExpenses"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GainLossOnSaleOfTrustAssetsToPayExpenses" xlink:to="us-gaap_GainLossOnSaleOfTrustAssetsToPayExpenses_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GainLossOnSaleOfTrustAssetsToPayExpenses_lbl" xml:lang="en-US"> Realized gain / (loss) on silver transferred to pay expenses </link:label>
<link:loc xlink:type="locator" xlink:href="sivr-20211231.xsd#sivr_RealizedGainLossOnBullionDistributedForRedemptionOfShares" xlink:label="sivr_RealizedGainLossOnBullionDistributedForRedemptionOfShares"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_RealizedGainLossOnBullionDistributedForRedemptionOfShares" xlink:to="sivr_RealizedGainLossOnBullionDistributedForRedemptionOfShares_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="sivr_RealizedGainLossOnBullionDistributedForRedemptionOfShares_lbl" xml:lang="en-US"> Realized gain / (loss) on silver distributed for the redemption of Shares </link:label>
<link:loc xlink:type="locator" xlink:href="sivr-20211231.xsd#sivr_ChangeInUnrealizedGainLossOnInvestmentInBullion" xlink:label="sivr_ChangeInUnrealizedGainLossOnInvestmentInBullion"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_ChangeInUnrealizedGainLossOnInvestmentInBullion" xlink:to="sivr_ChangeInUnrealizedGainLossOnInvestmentInBullion_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="sivr_ChangeInUnrealizedGainLossOnInvestmentInBullion_lbl" xml:lang="en-US"> Change in unrealized gain / (loss) on investment in silver </link:label>
<link:loc xlink:type="locator" xlink:href="sivr-20211231.xsd#sivr_TotalGainLossOnBullion" xlink:label="sivr_TotalGainLossOnBullion"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_TotalGainLossOnBullion" xlink:to="sivr_TotalGainLossOnBullion_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="sivr_TotalGainLossOnBullion_lbl" xml:lang="en-US"> Total gain / (loss) on investment in silver </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="us-gaap_NetIncomeLoss"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetIncomeLoss" xlink:to="us-gaap_NetIncomeLoss_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NetIncomeLoss_lbl" xml:lang="en-US"> Change in net assets from operations </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_EarningsPerShareBasic" xlink:label="us-gaap_EarningsPerShareBasic"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareBasic" xlink:to="us-gaap_EarningsPerShareBasic_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EarningsPerShareBasic_lbl" xml:lang="en-US"> Net increase / (decrease) in net assets per Share </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:to="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_lbl" xml:lang="en-US"> Weighted average number of Shares </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="us-gaap_StockholdersEquity"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquity" xlink:to="us-gaap_StockholdersEquity_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_StockholdersEquity_lbl" xml:lang="en-US"> Opening balance </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_SharesOutstanding" xlink:label="us-gaap_SharesOutstanding"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SharesOutstanding" xlink:to="us-gaap_SharesOutstanding_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_SharesOutstanding_lbl" xml:lang="en-US"> Opening balance (in shares) </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_NetInvestmentGainLoss" xlink:to="sivr_NetInvestmentGainLoss_2_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="sivr_NetInvestmentGainLoss_2_lbl" xml:lang="en-US"> Net investment loss </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_RealizedInvestmentGainsLosses" xlink:label="us-gaap_RealizedInvestmentGainsLosses"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealizedInvestmentGainsLosses" xlink:to="us-gaap_RealizedInvestmentGainsLosses_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RealizedInvestmentGainsLosses_lbl" xml:lang="en-US"> Realized gain (loss) on investment in silver </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_ChangeInUnrealizedGainLossOnInvestmentInBullion" xlink:to="sivr_ChangeInUnrealizedGainLossOnInvestmentInBullion_2_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="sivr_ChangeInUnrealizedGainLossOnInvestmentInBullion_2_lbl" xml:lang="en-US"> Change in unrealized gain (loss) on investment in silver </link:label>
<link:loc xlink:type="locator" xlink:href="sivr-20211231.xsd#sivr_ChangeInUnrealizedGainLossOnUnsettledCreationsOrRedemptions" xlink:label="sivr_ChangeInUnrealizedGainLossOnUnsettledCreationsOrRedemptions"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_ChangeInUnrealizedGainLossOnUnsettledCreationsOrRedemptions" xlink:to="sivr_ChangeInUnrealizedGainLossOnUnsettledCreationsOrRedemptions_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="sivr_ChangeInUnrealizedGainLossOnUnsettledCreationsOrRedemptions_lbl" xml:lang="en-US"> Change in unrealized gain on unsettled creations or redemptions </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueNewIssues" xlink:label="us-gaap_StockIssuedDuringPeriodValueNewIssues"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodValueNewIssues" xlink:to="us-gaap_StockIssuedDuringPeriodValueNewIssues_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodValueNewIssues_lbl" xml:lang="en-US"> Creations </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesNewIssues" xlink:label="us-gaap_StockIssuedDuringPeriodSharesNewIssues"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodSharesNewIssues" xlink:to="us-gaap_StockIssuedDuringPeriodSharesNewIssues_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodSharesNewIssues_lbl" xml:lang="en-US"> Creations (in shares) </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StockRedeemedOrCalledDuringPeriodValue" xlink:label="us-gaap_StockRedeemedOrCalledDuringPeriodValue"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockRedeemedOrCalledDuringPeriodValue" xlink:to="us-gaap_StockRedeemedOrCalledDuringPeriodValue_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_StockRedeemedOrCalledDuringPeriodValue_lbl" xml:lang="en-US"> Redemptions </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StockRedeemedOrCalledDuringPeriodShares" xlink:label="us-gaap_StockRedeemedOrCalledDuringPeriodShares"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockRedeemedOrCalledDuringPeriodShares" xlink:to="us-gaap_StockRedeemedOrCalledDuringPeriodShares_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_StockRedeemedOrCalledDuringPeriodShares_lbl" xml:lang="en-US"> Redemptions (in shares) </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquity" xlink:to="us-gaap_StockholdersEquity_2_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_StockholdersEquity_2_lbl" xml:lang="en-US"> Closing balance </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SharesOutstanding" xlink:to="us-gaap_SharesOutstanding_2_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_SharesOutstanding_2_lbl" xml:lang="en-US"> Closing balance (in shares) </link:label>
<link:loc xlink:type="locator" xlink:href="sivr-20211231.xsd#sivr_StatementFinancialHighlightsAbstract" xlink:label="sivr_StatementFinancialHighlightsAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_StatementFinancialHighlightsAbstract" xlink:to="sivr_StatementFinancialHighlightsAbstract_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="sivr_StatementFinancialHighlightsAbstract_lbl" xml:lang="en-US"> Financial Highlights </link:label>
<link:loc xlink:type="locator" xlink:href="sivr-20211231.xsd#sivr_PerSharePerformanceForShareOutstandingThroughoutEntirePeriodAbstract" xlink:label="sivr_PerSharePerformanceForShareOutstandingThroughoutEntirePeriodAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_PerSharePerformanceForShareOutstandingThroughoutEntirePeriodAbstract" xlink:to="sivr_PerSharePerformanceForShareOutstandingThroughoutEntirePeriodAbstract_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="sivr_PerSharePerformanceForShareOutstandingThroughoutEntirePeriodAbstract_lbl" xml:lang="en-US"> Per Share Performance (for a Share outstanding throughout the entire period) </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetAssetValuePerShare" xlink:to="us-gaap_NetAssetValuePerShare_2_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_NetAssetValuePerShare_2_lbl" xml:lang="en-US"> Net asset value per Share at beginning of period </link:label>
<link:loc xlink:type="locator" xlink:href="sivr-20211231.xsd#sivr_IncomeFromInvestmentOperationsAbstract" xlink:label="sivr_IncomeFromInvestmentOperationsAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_IncomeFromInvestmentOperationsAbstract" xlink:to="sivr_IncomeFromInvestmentOperationsAbstract_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="sivr_IncomeFromInvestmentOperationsAbstract_lbl" xml:lang="en-US"> Income from investment operations: </link:label>
<link:loc xlink:type="locator" xlink:href="sivr-20211231.xsd#sivr_NetInvestmentIncomLossPerShare" xlink:label="sivr_NetInvestmentIncomLossPerShare"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_NetInvestmentIncomLossPerShare" xlink:to="sivr_NetInvestmentIncomLossPerShare_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="sivr_NetInvestmentIncomLossPerShare_lbl" xml:lang="en-US"> Net investment loss </link:label>
<link:loc xlink:type="locator" xlink:href="sivr-20211231.xsd#sivr_NetRealizedAndUnrealizedGainsAndLossesOnInvestmentInBullionPerShare" xlink:label="sivr_NetRealizedAndUnrealizedGainsAndLossesOnInvestmentInBullionPerShare"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_NetRealizedAndUnrealizedGainsAndLossesOnInvestmentInBullionPerShare" xlink:to="sivr_NetRealizedAndUnrealizedGainsAndLossesOnInvestmentInBullionPerShare_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="sivr_NetRealizedAndUnrealizedGainsAndLossesOnInvestmentInBullionPerShare_lbl" xml:lang="en-US"> Total realized and unrealized gains or losses on investment in silver </link:label>
<link:loc xlink:type="locator" xlink:href="sivr-20211231.xsd#sivr_ChangeInNetAssetsFromOperationsPerShare" xlink:label="sivr_ChangeInNetAssetsFromOperationsPerShare"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_ChangeInNetAssetsFromOperationsPerShare" xlink:to="sivr_ChangeInNetAssetsFromOperationsPerShare_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="sivr_ChangeInNetAssetsFromOperationsPerShare_lbl" xml:lang="en-US"> Change in net assets from operations </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetAssetValuePerShare" xlink:to="us-gaap_NetAssetValuePerShare_3_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_NetAssetValuePerShare_3_lbl" xml:lang="en-US"> Net asset value per Share at end of period </link:label>
<link:loc xlink:type="locator" xlink:href="sivr-20211231.xsd#sivr_AnnualizedRateOfSponsorsFee" xlink:label="sivr_AnnualizedRateOfSponsorsFee"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_AnnualizedRateOfSponsorsFee" xlink:to="sivr_AnnualizedRateOfSponsorsFee_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="sivr_AnnualizedRateOfSponsorsFee_lbl" xml:lang="en-US"> Expense ratio </link:label>
<link:loc xlink:type="locator" xlink:href="sivr-20211231.xsd#sivr_AnnualizedNetInvestmentIncomeLossRatio" xlink:label="sivr_AnnualizedNetInvestmentIncomeLossRatio"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_AnnualizedNetInvestmentIncomeLossRatio" xlink:to="sivr_AnnualizedNetInvestmentIncomeLossRatio_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="sivr_AnnualizedNetInvestmentIncomeLossRatio_lbl" xml:lang="en-US"> Net investment loss ratio </link:label>
<link:loc xlink:type="locator" xlink:href="sivr-20211231.xsd#sivr_TotalReturnAtNetAssetValue" xlink:label="sivr_TotalReturnAtNetAssetValue"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_TotalReturnAtNetAssetValue" xlink:to="sivr_TotalReturnAtNetAssetValue_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="sivr_TotalReturnAtNetAssetValue_lbl" xml:lang="en-US"> Total return, net asset value </link:label>
<link:loc xlink:type="locator" xlink:href="sivr-20211231.xsd#sivr_StatementFinancialHighlightsParentheticalAbstract" xlink:label="sivr_StatementFinancialHighlightsParentheticalAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_StatementFinancialHighlightsParentheticalAbstract" xlink:to="sivr_StatementFinancialHighlightsParentheticalAbstract_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="sivr_StatementFinancialHighlightsParentheticalAbstract_lbl" xml:lang="en-US"> Financial Highlights </link:label>
<link:loc xlink:type="locator" xlink:href="sivr-20211231.xsd#sivr_AnnualizedRateOfSponsorsFeeBeforeWaiver" xlink:label="sivr_AnnualizedRateOfSponsorsFeeBeforeWaiver"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_AnnualizedRateOfSponsorsFeeBeforeWaiver" xlink:to="sivr_AnnualizedRateOfSponsorsFeeBeforeWaiver_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="sivr_AnnualizedRateOfSponsorsFeeBeforeWaiver_lbl" xml:lang="en-US"> Gross Expense Ratio </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" xlink:label="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract" xlink:to="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_lbl" xml:lang="en-US"> Organization, Consolidation and Presentation of Financial Statements [Abstract] </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock" xlink:label="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock" xlink:to="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock_lbl" xml:lang="en-US"> Organization </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_AccountingPoliciesAbstract" xlink:label="us-gaap_AccountingPoliciesAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountingPoliciesAbstract" xlink:to="us-gaap_AccountingPoliciesAbstract_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccountingPoliciesAbstract_lbl" xml:lang="en-US"> Accounting Policies [Abstract] </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_SignificantAccountingPoliciesTextBlock" xlink:label="us-gaap_SignificantAccountingPoliciesTextBlock"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SignificantAccountingPoliciesTextBlock" xlink:to="us-gaap_SignificantAccountingPoliciesTextBlock_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SignificantAccountingPoliciesTextBlock_lbl" xml:lang="en-US"> Significant Accounting Policies </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_RelatedPartyTransactionsAbstract" xlink:label="us-gaap_RelatedPartyTransactionsAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionsAbstract" xlink:to="us-gaap_RelatedPartyTransactionsAbstract_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RelatedPartyTransactionsAbstract_lbl" xml:lang="en-US"> Related Party Transactions [Abstract] </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_RelatedPartyTransactionsDisclosureTextBlock" xlink:label="us-gaap_RelatedPartyTransactionsDisclosureTextBlock"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionsDisclosureTextBlock" xlink:to="us-gaap_RelatedPartyTransactionsDisclosureTextBlock_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RelatedPartyTransactionsDisclosureTextBlock_lbl" xml:lang="en-US"> Related Parties </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_RisksAndUncertaintiesAbstract" xlink:label="us-gaap_RisksAndUncertaintiesAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RisksAndUncertaintiesAbstract" xlink:to="us-gaap_RisksAndUncertaintiesAbstract_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RisksAndUncertaintiesAbstract_lbl" xml:lang="en-US"> Risks and Uncertainties [Abstract] </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ConcentrationRiskDisclosureTextBlock" xlink:label="us-gaap_ConcentrationRiskDisclosureTextBlock"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConcentrationRiskDisclosureTextBlock" xlink:to="us-gaap_ConcentrationRiskDisclosureTextBlock_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ConcentrationRiskDisclosureTextBlock_lbl" xml:lang="en-US"> Concentration of Risk </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureAbstract"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:to="us-gaap_CommitmentsAndContingenciesDisclosureAbstract_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureAbstract_lbl" xml:lang="en-US"> Commitments and Contingencies Disclosure [Abstract] </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureTextBlock"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xlink:to="us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_lbl" xml:lang="en-US"> Indemnification </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_BasisOfAccountingPolicyPolicyTextBlock" xlink:label="us-gaap_BasisOfAccountingPolicyPolicyTextBlock"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BasisOfAccountingPolicyPolicyTextBlock" xlink:to="us-gaap_BasisOfAccountingPolicyPolicyTextBlock_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BasisOfAccountingPolicyPolicyTextBlock_lbl" xml:lang="en-US"> Basis of Accounting </link:label>
<link:loc xlink:type="locator" xlink:href="sivr-20211231.xsd#sivr_ValuationOfBullionPolicyTextBlock" xlink:label="sivr_ValuationOfBullionPolicyTextBlock"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_ValuationOfBullionPolicyTextBlock" xlink:to="sivr_ValuationOfBullionPolicyTextBlock_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="sivr_ValuationOfBullionPolicyTextBlock_lbl" xml:lang="en-US"> Valuation of Silver </link:label>
<link:loc xlink:type="locator" xlink:href="sivr-20211231.xsd#sivr_ReceivableAndPayablePolicyTextBlock" xlink:label="sivr_ReceivableAndPayablePolicyTextBlock"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_ReceivableAndPayablePolicyTextBlock" xlink:to="sivr_ReceivableAndPayablePolicyTextBlock_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="sivr_ReceivableAndPayablePolicyTextBlock_lbl" xml:lang="en-US"> Silver Receivable and Payable </link:label>
<link:loc xlink:type="locator" xlink:href="sivr-20211231.xsd#sivr_CreationsAndRedemptionsOfSharesPolicyTextBlock" xlink:label="sivr_CreationsAndRedemptionsOfSharesPolicyTextBlock"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_CreationsAndRedemptionsOfSharesPolicyTextBlock" xlink:to="sivr_CreationsAndRedemptionsOfSharesPolicyTextBlock_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="sivr_CreationsAndRedemptionsOfSharesPolicyTextBlock_lbl" xml:lang="en-US"> Creations and Redemptions of Shares </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_IncomeTaxPolicyTextBlock" xlink:label="us-gaap_IncomeTaxPolicyTextBlock"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxPolicyTextBlock" xlink:to="us-gaap_IncomeTaxPolicyTextBlock_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxPolicyTextBlock_lbl" xml:lang="en-US"> Income Taxes </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_InvestmentPolicyTextBlock" xlink:label="us-gaap_InvestmentPolicyTextBlock"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentPolicyTextBlock" xlink:to="us-gaap_InvestmentPolicyTextBlock_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InvestmentPolicyTextBlock_lbl" xml:lang="en-US"> Investment in Silver </link:label>
<link:loc xlink:type="locator" xlink:href="sivr-20211231.xsd#sivr_ExpensesPolicyTextBlock" xlink:label="sivr_ExpensesPolicyTextBlock"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_ExpensesPolicyTextBlock" xlink:to="sivr_ExpensesPolicyTextBlock_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="sivr_ExpensesPolicyTextBlock_lbl" xml:lang="en-US"> Expenses / Realized Gains / Losses </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_SubsequentEventsPolicyPolicyTextBlock" xlink:label="us-gaap_SubsequentEventsPolicyPolicyTextBlock"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventsPolicyPolicyTextBlock" xlink:to="us-gaap_SubsequentEventsPolicyPolicyTextBlock_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SubsequentEventsPolicyPolicyTextBlock_lbl" xml:lang="en-US"> Subsequent Events </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock" xlink:label="us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock" xlink:to="us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_lbl" xml:lang="en-US"> The categorization of the Trust’s assets is as shown below: </link:label>
<link:loc xlink:type="locator" xlink:href="sivr-20211231.xsd#sivr_InvestmentsInBullionTableTextBlock" xlink:label="sivr_InvestmentsInBullionTableTextBlock"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_InvestmentsInBullionTableTextBlock" xlink:to="sivr_InvestmentsInBullionTableTextBlock_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="sivr_InvestmentsInBullionTableTextBlock_lbl" xml:lang="en-US"> Changes in ounces of silver and their respective values for the years ended December 31, 2021 and 2020 are set out below: </link:label>
<link:loc xlink:type="locator" xlink:href="sivr-20211231.xsd#sivr_MinimumBlockOfSharesIssuedRedeemedAgainstBullion" xlink:label="sivr_MinimumBlockOfSharesIssuedRedeemedAgainstBullion"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_MinimumBlockOfSharesIssuedRedeemedAgainstBullion" xlink:to="sivr_MinimumBlockOfSharesIssuedRedeemedAgainstBullion_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="sivr_MinimumBlockOfSharesIssuedRedeemedAgainstBullion_lbl" xml:lang="en-US"> Minimum block of shares issued redeemed against silver </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:to="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_lbl" xml:lang="en-US"> Fair Value, Recurring and Nonrecurring [Table] </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:to="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_lbl" xml:lang="en-US"> Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_InvestmentInPhysicalCommoditiesFairValueDisclosure" xlink:label="us-gaap_InvestmentInPhysicalCommoditiesFairValueDisclosure"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentInPhysicalCommoditiesFairValueDisclosure" xlink:to="us-gaap_InvestmentInPhysicalCommoditiesFairValueDisclosure_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_InvestmentInPhysicalCommoditiesFairValueDisclosure_lbl" xml:lang="en-US"> Investment in silver </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentOwnedBalanceOtherMeasure" xlink:to="us-gaap_InvestmentOwnedBalanceOtherMeasure_2_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_InvestmentOwnedBalanceOtherMeasure_2_lbl" xml:lang="en-US"> Opening balance </link:label>
<link:loc xlink:type="locator" xlink:href="sivr-20211231.xsd#sivr_CreationsOuncesOfBullion" xlink:label="sivr_CreationsOuncesOfBullion"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_CreationsOuncesOfBullion" xlink:to="sivr_CreationsOuncesOfBullion_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="sivr_CreationsOuncesOfBullion_lbl" xml:lang="en-US"> Creations </link:label>
<link:loc xlink:type="locator" xlink:href="sivr-20211231.xsd#sivr_RedemptionsOuncesOfBullion" xlink:label="sivr_RedemptionsOuncesOfBullion"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_RedemptionsOuncesOfBullion" xlink:to="sivr_RedemptionsOuncesOfBullion_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="sivr_RedemptionsOuncesOfBullion_lbl" xml:lang="en-US"> Redemptions </link:label>
<link:loc xlink:type="locator" xlink:href="sivr-20211231.xsd#sivr_TransfersOfBullionOunces" xlink:label="sivr_TransfersOfBullionOunces"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_TransfersOfBullionOunces" xlink:to="sivr_TransfersOfBullionOunces_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="sivr_TransfersOfBullionOunces_lbl" xml:lang="en-US"> Transfers of silver to pay expenses </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentOwnedBalanceOtherMeasure" xlink:to="us-gaap_InvestmentOwnedBalanceOtherMeasure_3_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_InvestmentOwnedBalanceOtherMeasure_3_lbl" xml:lang="en-US"> Closing balance </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentInPhysicalCommodities" xlink:to="us-gaap_InvestmentInPhysicalCommodities_2_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_InvestmentInPhysicalCommodities_2_lbl" xml:lang="en-US"> Opening balance </link:label>
<link:loc xlink:type="locator" xlink:href="sivr-20211231.xsd#sivr_CreationsValueOfBullion" xlink:label="sivr_CreationsValueOfBullion"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_CreationsValueOfBullion" xlink:to="sivr_CreationsValueOfBullion_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="sivr_CreationsValueOfBullion_lbl" xml:lang="en-US"> Creations </link:label>
<link:loc xlink:type="locator" xlink:href="sivr-20211231.xsd#sivr_ValueOfBullionDistributedForRedemptionOfSharesExcludingBullionPayable" xlink:label="sivr_ValueOfBullionDistributedForRedemptionOfSharesExcludingBullionPayable"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_ValueOfBullionDistributedForRedemptionOfSharesExcludingBullionPayable" xlink:to="sivr_ValueOfBullionDistributedForRedemptionOfSharesExcludingBullionPayable_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="sivr_ValueOfBullionDistributedForRedemptionOfSharesExcludingBullionPayable_lbl" xml:lang="en-US"> Redemptions </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_RealizedGainLossOnBullionDistributedForRedemptionOfShares" xlink:to="sivr_RealizedGainLossOnBullionDistributedForRedemptionOfShares_2_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="sivr_RealizedGainLossOnBullionDistributedForRedemptionOfShares_2_lbl" xml:lang="en-US"> Realized gain on silver distributed for the redemption of Shares </link:label>
<link:loc xlink:type="locator" xlink:href="sivr-20211231.xsd#sivr_CostOfBullionTransferredToPayExpenses" xlink:label="sivr_CostOfBullionTransferredToPayExpenses"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_CostOfBullionTransferredToPayExpenses" xlink:to="sivr_CostOfBullionTransferredToPayExpenses_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="sivr_CostOfBullionTransferredToPayExpenses_lbl" xml:lang="en-US"> Transfers of silver to pay expenses </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GainLossOnSaleOfTrustAssetsToPayExpenses" xlink:to="us-gaap_GainLossOnSaleOfTrustAssetsToPayExpenses_2_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_GainLossOnSaleOfTrustAssetsToPayExpenses_2_lbl" xml:lang="en-US"> Realized gain on silver transferred to pay expenses </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_ChangeInUnrealizedGainLossOnInvestmentInBullion" xlink:to="sivr_ChangeInUnrealizedGainLossOnInvestmentInBullion_3_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="sivr_ChangeInUnrealizedGainLossOnInvestmentInBullion_3_lbl" xml:lang="en-US"> Change in unrealized (loss) / gain on investment in silver </link:label>
<link:loc xlink:type="locator" xlink:href="sivr-20211231.xsd#sivr_ChangeInUnrealizedGainOnUnsettledCreationsOrRedemptions" xlink:label="sivr_ChangeInUnrealizedGainOnUnsettledCreationsOrRedemptions"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_ChangeInUnrealizedGainOnUnsettledCreationsOrRedemptions" xlink:to="sivr_ChangeInUnrealizedGainOnUnsettledCreationsOrRedemptions_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="sivr_ChangeInUnrealizedGainOnUnsettledCreationsOrRedemptions_lbl" xml:lang="en-US"> Change in unrealized gain on unsettled creations or redemptions </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentInPhysicalCommodities" xlink:to="us-gaap_InvestmentInPhysicalCommodities_3_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_InvestmentInPhysicalCommodities_3_lbl" xml:lang="en-US"> Closing balance </link:label>
<link:loc xlink:type="locator" xlink:href="sivr-20211231.xsd#sivr_PercentageOfAssetBeingHeldByTrust" xlink:label="sivr_PercentageOfAssetBeingHeldByTrust"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_PercentageOfAssetBeingHeldByTrust" xlink:to="sivr_PercentageOfAssetBeingHeldByTrust_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="sivr_PercentageOfAssetBeingHeldByTrust_lbl" xml:lang="en-US"> Percentage of silver held by sub-custodians </link:label>
<link:loc xlink:type="locator" xlink:href="sivr-20211231.xsd#sivr_BullionReceivableAtMarketValue" xlink:label="sivr_BullionReceivableAtMarketValue"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_BullionReceivableAtMarketValue" xlink:to="sivr_BullionReceivableAtMarketValue_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="sivr_BullionReceivableAtMarketValue_lbl" xml:lang="en-US"> Silver receivable </link:label>
<link:loc xlink:type="locator" xlink:href="sivr-20211231.xsd#sivr_BullionPayableAtMarketValue" xlink:label="sivr_BullionPayableAtMarketValue"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_BullionPayableAtMarketValue" xlink:to="sivr_BullionPayableAtMarketValue_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="sivr_BullionPayableAtMarketValue_lbl" xml:lang="en-US"> Silver payable </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LiabilityForUncertainTaxPositionsNoncurrent" xlink:label="us-gaap_LiabilityForUncertainTaxPositionsNoncurrent"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilityForUncertainTaxPositionsNoncurrent" xlink:to="us-gaap_LiabilityForUncertainTaxPositionsNoncurrent_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilityForUncertainTaxPositionsNoncurrent_lbl" xml:lang="en-US"> Reserve for uncertain tax positions </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_AnnualizedRateOfSponsorsFeeBeforeWaiver" xlink:to="sivr_AnnualizedRateOfSponsorsFeeBeforeWaiver_2_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="sivr_AnnualizedRateOfSponsorsFeeBeforeWaiver_2_lbl" xml:lang="en-US"> Annualized rate of Sponsor's Fee before waiver </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_AnnualizedRateOfSponsorsFee" xlink:to="sivr_AnnualizedRateOfSponsorsFee_2_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="sivr_AnnualizedRateOfSponsorsFee_2_lbl" xml:lang="en-US"> Expense Ratio </link:label>
<link:loc xlink:type="locator" xlink:href="sivr-20211231.xsd#sivr_MaximumSponsorFeeForLegalExpenses" xlink:label="sivr_MaximumSponsorFeeForLegalExpenses"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_MaximumSponsorFeeForLegalExpenses" xlink:to="sivr_MaximumSponsorFeeForLegalExpenses_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="sivr_MaximumSponsorFeeForLegalExpenses_lbl" xml:lang="en-US"> Maximum sponsor fee for legal expenses </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_SponsorFees" xlink:label="us-gaap_SponsorFees"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SponsorFees" xlink:to="us-gaap_SponsorFees_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SponsorFees_lbl" xml:lang="en-US"> Sponsor's Fee </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_SponsorFeesWaived" xlink:to="sivr_SponsorFeesWaived_2_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="sivr_SponsorFeesWaived_2_lbl" xml:lang="en-US"> Sponsor fees waived </link:label>
<link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_OtherCostAndExpenseOperating" xlink:label="us-gaap_OtherCostAndExpenseOperating"/>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherCostAndExpenseOperating" xlink:to="us-gaap_OtherCostAndExpenseOperating_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherCostAndExpenseOperating_lbl" xml:lang="en-US"> All other expenses </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_NetAssetsPercentageOfNetAssets" xlink:to="sivr_NetAssetsPercentageOfNetAssets_doc" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="sivr_NetAssetsPercentageOfNetAssets_doc" xml:lang="en-US"> Net assets percentage of net assets. </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_SponsorsFeesGross" xlink:to="sivr_SponsorsFeesGross_doc" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="sivr_SponsorsFeesGross_doc" xml:lang="en-US"> Sponsor's fees gross. </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_SponsorFeesWaived" xlink:to="sivr_SponsorFeesWaived_doc" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="sivr_SponsorFeesWaived_doc" xml:lang="en-US"> Amount of sponsor fees waived. </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_NetInvestmentGainLoss" xlink:to="sivr_NetInvestmentGainLoss_doc" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="sivr_NetInvestmentGainLoss_doc" xml:lang="en-US"> Net investment gain (loss). </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_RealizedGainLossOnBullionDistributedForRedemptionOfShares" xlink:to="sivr_RealizedGainLossOnBullionDistributedForRedemptionOfShares_doc" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="sivr_RealizedGainLossOnBullionDistributedForRedemptionOfShares_doc" xml:lang="en-US"> Realized gain (loss) on bullion distributed for redemption of shares. </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_ChangeInUnrealizedGainLossOnInvestmentInBullion" xlink:to="sivr_ChangeInUnrealizedGainLossOnInvestmentInBullion_doc" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="sivr_ChangeInUnrealizedGainLossOnInvestmentInBullion_doc" xml:lang="en-US"> Change in unrealized gain and loss on investment in gold. </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_TotalGainLossOnBullion" xlink:to="sivr_TotalGainLossOnBullion_doc" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="sivr_TotalGainLossOnBullion_doc" xml:lang="en-US"> The net gain or loss in the period on bullion. </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_NetInvestmentIncomLossPerShare" xlink:to="sivr_NetInvestmentIncomLossPerShare_doc" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="sivr_NetInvestmentIncomLossPerShare_doc" xml:lang="en-US"> Net investment income (loss) per share. </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_NetRealizedAndUnrealizedGainsAndLossesOnInvestmentInBullionPerShare" xlink:to="sivr_NetRealizedAndUnrealizedGainsAndLossesOnInvestmentInBullionPerShare_doc" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="sivr_NetRealizedAndUnrealizedGainsAndLossesOnInvestmentInBullionPerShare_doc" xml:lang="en-US"> Net realized and unrealized gains and losses on investment in bullion per share. </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_ChangeInNetAssetsFromOperationsPerShare" xlink:to="sivr_ChangeInNetAssetsFromOperationsPerShare_doc" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="sivr_ChangeInNetAssetsFromOperationsPerShare_doc" xml:lang="en-US"> Change in net assets from operations per share. </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_AnnualizedRateOfSponsorsFee" xlink:to="sivr_AnnualizedRateOfSponsorsFee_doc" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="sivr_AnnualizedRateOfSponsorsFee_doc" xml:lang="en-US"> Annualized rate of sponsors fee. </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_AnnualizedNetInvestmentIncomeLossRatio" xlink:to="sivr_AnnualizedNetInvestmentIncomeLossRatio_doc" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="sivr_AnnualizedNetInvestmentIncomeLossRatio_doc" xml:lang="en-US"> Annualized net investment income (loss) ratio. </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_TotalReturnAtNetAssetValue" xlink:to="sivr_TotalReturnAtNetAssetValue_doc" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="sivr_TotalReturnAtNetAssetValue_doc" xml:lang="en-US"> Total return, at net asset value. </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_ValuationOfBullionPolicyTextBlock" xlink:to="sivr_ValuationOfBullionPolicyTextBlock_doc" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="sivr_ValuationOfBullionPolicyTextBlock_doc" xml:lang="en-US"> Disclosure of valuation of bullion policy. </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_ReceivableAndPayablePolicyTextBlock" xlink:to="sivr_ReceivableAndPayablePolicyTextBlock_doc" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="sivr_ReceivableAndPayablePolicyTextBlock_doc" xml:lang="en-US"> Disclosure of bullion receivable and payable policy. </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_CreationsAndRedemptionsOfSharesPolicyTextBlock" xlink:to="sivr_CreationsAndRedemptionsOfSharesPolicyTextBlock_doc" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="sivr_CreationsAndRedemptionsOfSharesPolicyTextBlock_doc" xml:lang="en-US"> Disclosure of creation and redemptions of shares policy. </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_ExpensesPolicyTextBlock" xlink:to="sivr_ExpensesPolicyTextBlock_doc" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="sivr_ExpensesPolicyTextBlock_doc" xml:lang="en-US"> Disclosure of expenses policy. </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_InvestmentsInBullionTableTextBlock" xlink:to="sivr_InvestmentsInBullionTableTextBlock_doc" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="sivr_InvestmentsInBullionTableTextBlock_doc" xml:lang="en-US"> Tabular disclosure of movement in the investment in bullion in the Trust. </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_MinimumBlockOfSharesIssuedRedeemedAgainstBullion" xlink:to="sivr_MinimumBlockOfSharesIssuedRedeemedAgainstBullion_doc" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="sivr_MinimumBlockOfSharesIssuedRedeemedAgainstBullion_doc" xml:lang="en-US"> The minimum block of shares that can be created or redeemed against bullion deposits or distributions. </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_CreationsOuncesOfBullion" xlink:to="sivr_CreationsOuncesOfBullion_doc" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="sivr_CreationsOuncesOfBullion_doc" xml:lang="en-US"> Ounces of bullion received into the Trust's account in respect of creations. </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_RedemptionsOuncesOfBullion" xlink:to="sivr_RedemptionsOuncesOfBullion_doc" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="sivr_RedemptionsOuncesOfBullion_doc" xml:lang="en-US"> Ounces of bullion paid out of the Trust's account in respect of redemptions. </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_TransfersOfBullionOunces" xlink:to="sivr_TransfersOfBullionOunces_doc" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="sivr_TransfersOfBullionOunces_doc" xml:lang="en-US"> Ounces of bullion transferred to pay Trust's expenses. </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_CreationsValueOfBullion" xlink:to="sivr_CreationsValueOfBullion_doc" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="sivr_CreationsValueOfBullion_doc" xml:lang="en-US"> Amount of creations of bullion in investment. </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_ValueOfBullionDistributedForRedemptionOfSharesExcludingBullionPayable" xlink:to="sivr_ValueOfBullionDistributedForRedemptionOfSharesExcludingBullionPayable_doc" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="sivr_ValueOfBullionDistributedForRedemptionOfSharesExcludingBullionPayable_doc" xml:lang="en-US"> Value of bullion distributed at average cost for the redemption of Shares excluding bullion payable. </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_CostOfBullionTransferredToPayExpenses" xlink:to="sivr_CostOfBullionTransferredToPayExpenses_doc" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="sivr_CostOfBullionTransferredToPayExpenses_doc" xml:lang="en-US"> Cost of Bullion transferred to pay Trust's expenses. </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_AnnualizedRateOfSponsorsFeeBeforeWaiver" xlink:to="sivr_AnnualizedRateOfSponsorsFeeBeforeWaiver_doc" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="sivr_AnnualizedRateOfSponsorsFeeBeforeWaiver_doc" xml:lang="en-US"> Represents annualized rate of sponsor's fee before waiver. </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_MaximumSponsorFeeForLegalExpenses" xlink:to="sivr_MaximumSponsorFeeForLegalExpenses_doc" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="sivr_MaximumSponsorFeeForLegalExpenses_doc" xml:lang="en-US"> Maximum sponsor fee for legal expenses. </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_BullionPayableAtMarketValue" xlink:to="sivr_BullionPayableAtMarketValue_doc" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="sivr_BullionPayableAtMarketValue_doc" xml:lang="en-US"> Amount of bullion payable at market value as of the reporting date. </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_BullionReceivableAtMarketValue" xlink:to="sivr_BullionReceivableAtMarketValue_doc" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="sivr_BullionReceivableAtMarketValue_doc" xml:lang="en-US"> Amount of bullion receivable at market value as of the reporting date. </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_ChangeInUnrealizedGainOnUnsettledCreationsOrRedemptions" xlink:to="sivr_ChangeInUnrealizedGainOnUnsettledCreationsOrRedemptions_doc" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="sivr_ChangeInUnrealizedGainOnUnsettledCreationsOrRedemptions_doc" xml:lang="en-US"> The amount represents change in unrealized gain on unsettled creations or redemptions. </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_PercentageOfAssetBeingHeldByTrust" xlink:to="sivr_PercentageOfAssetBeingHeldByTrust_doc" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="sivr_PercentageOfAssetBeingHeldByTrust_doc" xml:lang="en-US"> Percentage of asset being held by trust. </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_ChangeInUnrealizedGainLossOnUnsettledCreationsOrRedemptions" xlink:to="sivr_ChangeInUnrealizedGainLossOnUnsettledCreationsOrRedemptions_doc" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="sivr_ChangeInUnrealizedGainLossOnUnsettledCreationsOrRedemptions_doc" xml:lang="en-US"> Amount of change in unrealized gain loss on nnsettled creations or redemptions. </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Assets" xlink:to="us-gaap_Assets_2_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_Assets_2_lbl" xml:lang="en-US"> Assets </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Liabilities" xlink:to="us-gaap_Liabilities_2_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_Liabilities_2_lbl" xml:lang="en-US"> Liabilities </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingExpenses" xlink:to="us-gaap_OperatingExpenses_2_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingExpenses_2_lbl" xml:lang="en-US"> Operating Expenses </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_TotalGainLossOnBullion" xlink:to="sivr_TotalGainLossOnBullion_3_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="sivr_TotalGainLossOnBullion_3_lbl" xml:lang="en-US"> Total Gain (Loss) On Bullion </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetIncomeLoss" xlink:to="us-gaap_NetIncomeLoss_2_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetIncomeLoss_2_lbl" xml:lang="en-US"> Net Income (Loss) Attributable to Parent </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquity" xlink:to="us-gaap_StockholdersEquity_3_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockholdersEquity_3_lbl" xml:lang="en-US"> Stockholders' Equity Attributable to Parent </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SharesOutstanding" xlink:to="us-gaap_SharesOutstanding_3_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SharesOutstanding_3_lbl" xml:lang="en-US"> Shares, Outstanding </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockRedeemedOrCalledDuringPeriodValue" xlink:to="us-gaap_StockRedeemedOrCalledDuringPeriodValue_2_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockRedeemedOrCalledDuringPeriodValue_2_lbl" xml:lang="en-US"> Stock Redeemed or Called During Period, Value </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockRedeemedOrCalledDuringPeriodShares" xlink:to="us-gaap_StockRedeemedOrCalledDuringPeriodShares_2_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockRedeemedOrCalledDuringPeriodShares_2_lbl" xml:lang="en-US"> Stock Redeemed or Called During Period, Shares </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_NetInvestmentIncomLossPerShare" xlink:to="sivr_NetInvestmentIncomLossPerShare_3_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="sivr_NetInvestmentIncomLossPerShare_3_lbl" xml:lang="en-US"> Net Investment Income (Loss) Per Share </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_ChangeInNetAssetsFromOperationsPerShare" xlink:to="sivr_ChangeInNetAssetsFromOperationsPerShare_3_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="sivr_ChangeInNetAssetsFromOperationsPerShare_3_lbl" xml:lang="en-US"> Change In Net Assets From Operations Per Share </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentInPhysicalCommoditiesFairValueDisclosure" xlink:to="us-gaap_InvestmentInPhysicalCommoditiesFairValueDisclosure_2_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InvestmentInPhysicalCommoditiesFairValueDisclosure_2_lbl" xml:lang="en-US"> Investment in Physical Commodities, Fair Value Disclosure </link:label>
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<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="sivr_CreationsOuncesOfBullion_3_lbl" xml:lang="en-US"> Creations Ounces Of Bullion </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_CreationsValueOfBullion" xlink:to="sivr_CreationsValueOfBullion_3_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="sivr_CreationsValueOfBullion_3_lbl" xml:lang="en-US"> Creations Value Of Bullion </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_ValueOfBullionDistributedForRedemptionOfSharesExcludingBullionPayable" xlink:to="sivr_ValueOfBullionDistributedForRedemptionOfSharesExcludingBullionPayable_3_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="sivr_ValueOfBullionDistributedForRedemptionOfSharesExcludingBullionPayable_3_lbl" xml:lang="en-US"> Value Of Bullion Distributed For Redemption Of Shares Excluding Bullion Payable </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_CostOfBullionTransferredToPayExpenses" xlink:to="sivr_CostOfBullionTransferredToPayExpenses_3_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="sivr_CostOfBullionTransferredToPayExpenses_3_lbl" xml:lang="en-US"> Cost Of Bullion Transferred To Pay Expenses </link:label>
<link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="sivr_ChangeInUnrealizedGainOnUnsettledCreationsOrRedemptions" xlink:to="sivr_ChangeInUnrealizedGainOnUnsettledCreationsOrRedemptions_3_lbl" xlink:type="arc"/>
<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="sivr_ChangeInUnrealizedGainOnUnsettledCreationsOrRedemptions_3_lbl" xml:lang="en-US"> Change in unrealized gain on unsettled creations or redemptions [Default Label] </link:label>
</link:labelLink>
</link:linkbase>

6 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/04/19  abrdn Silver ETF Trust            8-K:1,9     3/29/19    3:394K                                   Quality EDGAR So… LLC/FA
 3/01/19  abrdn Silver ETF Trust            10-K       12/31/18   35:2.6M
10/05/18  abrdn Silver ETF Trust            8-K:1,5,9  10/01/18    4:592K                                   Quality EDGAR So… LLC/FA
11/06/17  abrdn Silver ETF Trust            10-Q        9/30/17   34:2M
12/18/14  abrdn Silver ETF Trust            8-K:8      12/18/14    2:95K
 7/21/09  abrdn Silver ETF Trust            S-1/A¶                13:1.3M                                   Command Financial
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Filing Submission 0001839882-22-022256   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
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