Yes, taxed as ordinary income. Physical Silver can be transferred more easily.
Really?
You have to pack it up, ship it to vendor and wait a week to get your money. That’s if you want to make what it’s worth. Your local coin dealer is not going to give you the best price.
I have moved bitcoin from around the world, to USD in minutes…and transferred to my checking account by the end of the day.
Silver is in no way easier to move than bitcoin.
Only if it’s a short term capital gains tax (held under 1 year). If over a year, then it’s long term capital gains.
Just like anything else on Wall Street.