Question on Fire/Ice

[zulander]

First the oracle text of fire/ice

Instant // Instant

Rules Text (Oracle):    
Fire deals 2 damage divided as you choose among any number of target creatures and/or players.
//
Tap target permanent.
Draw a card.


Now, say my oponent has a silver knight in play. May I still target silver knight with the Ice side of Fire/Ice?

Silver knight's oracle:

Creature - Knight
P/T:    2/2
Rules Text (Oracle):    
First strike, protection from red

Thanks

[bdg4life]

Yes, since ice is a blue spell and not a red spell.

[parallax]

To clarify, as long as a split card is on the stack, it has only the characteristics of the half you are playing. At any other time, it has both sets of characteristics.