Is the worst over for gold and silver?

From kitco.com

After their biggest collapse in recent history, gold and silver are finding their way back into the light, posting their biggest one-day gains on record. Spot gold last traded at $4,916 an ounce, up more than 5% on the day; meanwhile, spot silver last traded at $87.82 an ounce, up 11%. Some analysts note that the recovery in the precious metals confirms a growing consensus that the recent selling pressure is related to short-term speculative positioning and momentum rather than a fundamental shift in the marketplace. One German bank has been fairly vocal, reiterating its bullish expectations for gold. On Monday, ... (full story)