The Economic Times

Investing in silver or gold? Legal ways investors try to reduce taxes on precious metals

IRS tax rules for silver and gold: Silver's price surge, driven by green economy demand and tariff concerns, has seen significant investor gains. However, profits from selling physical silver are subject to IRS collectible tax rules, potentially reaching 28% or more after one year of holding. Investors can explore strategies like self-directed IRAs or tax-loss harvesting to manage these tax liabilities.