Gold and silver prices have undergone significant volatility recently, rebounding after a steep selloff that saw gold plunge 21% and silver drop 40% from their respective record highs. This unprecedented downturn has led analysts to suggest that the crash could be short-lived, despite the alarming losses during one of the worst days for these precious metals in decades. Wall Street banks are now recommending to buy the dip as investors return, and there are discussions around the potential for a rebound spurred by various catalysts. The markets remain wary, particularly in light of nominations affecting the Federal Reserve, which may have contributed to the initial price collapses. As the situation unfolds, traders are advised to exercise caution amid dramatic price swings.