SMGM-0134 NS I reichs jugendtag 1932 Badge in silver

I read The silver version of this badge is supposedly for participants and harder to find than the brass version you could buy if you were a spectator. But another source says the brass was the Event badge and the silver was the commemorative honor badge and the brass one became forbidden to wear.  Which would mean the brass one is likely rarer. So i dunno! Heavy, looks like German nickel or possibly nickel-plated brass. High quality regardless.