Silver remains under some selling pressure on Thursday and hangs near a three-week low. The recent breakdown below key technical levels supports prospects for additional losses. Any attempted recovery might now be seen as a selling opportunity and remain capped. Silver (XAG/USD) trades with negative bias for the second straight day on Thursday and languishes near the $31.00 mark, just above its lowest level since mid-October touched the previous day. From a technical perspective, the overnight decline confirmed a short-term ascending trend-channel breakdown. A subsequent slide below the 50-day Simple Moving Average (SMA) was seen as a fresh trigger for bearish traders. Furthermore, oscillators on the daily chart have been gaining negative traction and suggest that the path of least resistance for the XAG/USD remains to the downside.