Smith was called up from AHL Colorado on Saturday.
Smith, Mackenzie Blackwood and a 2027 fifth-round pick were traded from the Sharks to the Avalanche on Monday in exchange for Alexandar Georgiev, Nikolai Kovalenko, a 2025 fifth-round pick and a 2026 second-round pick.
Smith was placed on waivers Sunday, Elliotte Friedman of Sportsnet reports.
Smith has been scratched for six of the Sharks' first eight games in November after sitting out Monday's 5-4 overtime win over the Red Wings.
Smith (illness) will be a healthy scratch Saturday versus Anaheim, Sheng Peng of San Jose Hockey Now reports.
Smith (illness) isn't available for Thursday's game against St. Louis, per Max Miller of NHL.com.
Smith is dealing with an illness that kept him off the ice Tuesday, Curtis Pashelka of The San Jose Mercury News reports.
Smith (lower body) will be activated off injured reserve and play Saturday versus Nashville, coach David Quinn told Curtis Pashelka of The San Jose Mercury News on Wednesday.
Smith (lower body) won't play Thursday against Calgary, Max Miller of The Hockey News reports.
Although Smith (lower body) did skate Saturday, he's not close to returning, coach David Quinn told Sheng Peng of San Jose Hockey Now.