What taxes owed on selling silver last year?

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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.)

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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