NEW YORK ( TheStreet) -- Welcome to Don Dion's "ETF Winners and Losers." Be sure to stop by throughout the week to find out which ETFs are gaining or losing.
ETFs are strong options investors can turn to in order to tame the volatile biotech industry. While FBT may be taking a notable hit this afternoon, its diversified portfolio has helped to significantly offset Illumina's losses. iShares Silver Trust ( SLV) -3.0% Precious metals ETFs are sliding into the close, with physically-backed silver funds like SLV and ETFS Physical Silver Shares ( SIVR) leading the way lower. Despite being a popular safe haven destination, gold ETFs appear to be struggling to hold up. iShares Gold Trust ( IAU) were in negative territory during early afternoon trading. All prices as of 2:15 PM EST Written by Don Dion in Williamstown, Mass.