How does the IRS tax options of the precious metal ETFs, SLV and GLD?

[TAX714]

Let me ask you a question if I have a significant amount of capital loss carryover. And then I have gains on SLV. Do the capital loss carry over count towards the collectible gains? Can I use that amount to offset any gains? 

[KristinaK]

Yes, the gain from a sale of collectibles will be offset by the carryover capital loss. There is more detailed information on netting in this article under Capital gain and loss netting to determine gain subject to a 28% maximum rate.