FSM is on a 30-minute chart. The trade idea is that FMS suffers in drops in spot sliver but
thrives when spot silver rises as its fixed expenses in mining allow for increases in margin
in a curvilinear fashion when spot silver rises. This is more so than a senior miner such as FCX
that moves slower when metal prices rise or fall. I see the quick geopolitical dip in spot silver
as an opportunity to pick up junior miners ( including GDXJ the ETF) at a discounted price to
be held for spot silver recovery and then averaged out for realization of profits.