FVI, known on the US as The Flying Spaghetti Monster (FSM), is at its EMA(45).
Magical point, cos when you're just seeing a short-term correction in a medium-term uptrend, the EMA(45) seems to be a support point you can count on.
So if you wanted, buy FVI at $6.25, put a stop in for (say) $6.05, and your possible 20 cent loss can go up against a possible $0.75 gain ( that is, if you think FVI has any reason to go up to $7). Those are decent odds... especially cos I personally don't really think silver's going to go down much from here.
Um... next week's OpEx aside, of course.
I'm probably staying away from that trade cos I already have a whole pile of silver miners, and most of them (i.e. SBB) have already been beaten down already. They seem to be outperforming today.
But, buying FVI at this point might be a good idea.
Oops... silver just tanked... I'll let you go....