Silver prices are under pressure, continuing their downward trend for a second day. Currently trading around $31.90 per troy ounce during the Asian hours on Thursday, XAG/USD has broken below a critical ascending channel pattern, signaling a bearish shift. Technical indicators suggest that the previously bullish outlook for silver may be losing steam. As the market responds to evolving economic and geopolitical factors, investors should keep an eye on emerging trends that could shape future pricing. The significant move below $32.00 raises questions about how much further prices could fall and whether support levels can hold. Analysts will continue to evaluate market conditions, and the potential impacts of global economic developments on silver prices.