Pat the chicken thighs completely dry with paper towels. In a small bowl, mix together the smoked paprika, garlic powder, dried coriander, dried sage, salt, and pepper.
Sprinkle the spice mixture evenly over all sides of the chicken thighs, rubbing it into the skin.
Set a 6-quart or larger Instant Pot to the Sauté function on high. Once hot, add the olive oil. Place half of the chicken thighs in the pot, skin-side down. Sear for 3-4 minutes without moving, until the skin is golden brown.
Flip the chicken and sear for another 2 minutes. Transfer the seared chicken to a plate. Repeat with the remaining chicken thighs.
Press Cancel. Pour the chicken broth into the pot and use a wooden spoon to scrape up any browned bits from the bottom.
Place the trivet inside the Instant Pot. Arrange all the seared chicken thighs on top of the trivet in a single layer if possible.
Secure the lid and set the steam release valve to the Sealing position. Select the Pressure Cook (or Manual) function and set the timer for 6 minutes at high pressure.
Once the cooking time is complete, allow the pressure to release naturally for 5 minutes. Then, carefully turn the steam release valve to the Venting position to release any remaining steam.
Using tongs, carefully remove the chicken. Confirm the internal temperature has reached 165°F (74°C) with a meat thermometer. For crispier skin, transfer the chicken to a baking sheet and broil for 2-3 minutes before serving.