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Data: FactSet; Chart: Axios Visuals

Silver prices jumped to the highest in almost seven years and gold moved closer to a record high on Tuesday as silver rose by nearly 6%.

Between the lines: The two precious metals are running just behind the Nasdaq in terms of performance over the past year and year to date.

  • Nasdaq's climb since March 23 has made it one of the best performing assets in the world this year, according to FactSet data curated by the Wall Street Journal.
  • The Nasdaq 100, which tracks the 100 largest companies on the tech-heavy index, now trails only orange juice for 2020 performance among major, highly followed assets.

What to watch: Bloomberg noted that holdings of gold and silver exchange-traded funds (ETFs) are at an all-time high.

Go deeper

Oct 29, 2020 - Health

U.S. tops 88,000 COVID-19 cases, setting new single-day record

Expand chart
Data: COVID Tracking Project; Chart: Axios Visuals

The United States reported 88,452 new coronavirus cases on Thursday, setting a single-day record, according to data from the COVID Tracking Project.

The big picture: The country confirmed 1,049 additional deaths due to the virus, and there are over 46,000 people currently being hospitalized, suggesting the U.S. is experiencing a third wave heading into the winter months.

Trump's coronavirus adviser Scott Atlas resigns

Photo: Nicholas Kamm/AFP via Getty

Scott Atlas, a controversial member of the White House coronavirus task force, handed in his resignation on Monday, according to three administration officials who discussed Atlas' resignation with Axios.

Why it matters: President Trump brought in Atlas as a counterpoint to NIAID director Anthony Fauci, whose warnings about the pandemic were dismissed by the Trump administration. With Trump now fixated on election fraud conspiracy theories, Atlas' detail comes to a natural end.

Dave Lawler, author of World
2 hours ago - World

Assassination in Iran sets stage for tense final 50 days of Trump

The funeral ceremony in Tehran. Photo: Iranian Defense Ministry via Getty

Iranian leaders are weighing their response to the assassination of Mohsen Fakhrizadeh, known as the father of Iran’s military nuclear program, who was given a state funeral Monday in Tehran.

The big picture: Iran has accused Israel of carrying out Friday’s attack, but senior leaders have suggested that they’ll choose patience over an immediate escalation that could play into the hands of the Israelis and the outgoing Trump administration.