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Story summary
- Silver prices have surged, recently exceeding $100 per ounce, drawing increased investor interest.
- In the United States, there are no federal limits on silver ownership that would cap how much a person can hold.
- However, transactions such as large-bar purchases require dealers to report to the Internal Revenue Service.
- Silver is classified as a collectible for tax purposes, so investors should consider storage, liquidity, and tax implications.
