Maybe aluminum
Battara and Panday:
I'm thinking the sanduko bolo is decorated with aluminum sheet. There were quite a few knives coming out of the Visayas post-WWII with aluminum hilts -- I'm thinking of the knives from Cebu that usually have a date in the late 1940s and cast alumnum hilts with incised decorations. Aluminum polishes to a mirror finish very quickly on these hilts.
Looking at the metal on the hilt of this bolo, it seems that the applied metal sheet is rather thick -- it should be quite heavy if this is silver, if relatively light then aluminum.
Ian
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