Mcx Silver March futures technical chart has taken the formation “Megaphone chart” pattern in daily time frame. Last few sessions ended up bearish in trend along with some corrections inside the chancel, where the market is expected to continue on the bearish trend. The continuation of the trend will be confirmed once the prices breaks below a key support holding at 39400. The negation rally could be extending all the way up to 39300-39150 levels in the upcoming sessions. An alternative scenario indicates that if the key support holds strong then the market might retest the same and revise the trend to bullish once again. The upside rally could test up to 39600-39800 levels. Key resistance holds at 3900.