What taxes owed on selling silver last year?

You report the sale of silver as the sale of a capital asset.  You report the gain or loss on the sale.  

To enter the sale of your silver, you will enter it under the Income & Expenses tab, scroll down to Stocks, Mutual Funds, Bonds, and Other and say you don't have a 1099-B for the sale (unless you do have one.)

That will be either long or short term capital gains reported on the form 8949 & Sch D. 

In TurboTax Online Premier, click on the following tabs: 

• Federal Taxes
• Wages & Income 
• scroll down to Investment Income 
• Stocks, Mutual Funds, Bonds, Other
• to the right of this category click Start or Revisit
• follow the screen prompts and answer the questions to enter your information on Schedule D