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Yes, it is Spanish after 1934 but a lousy master's punch. It look like an amphora (?). Anyway, here are two good guesses:
1. Dionisio Garcia from Madrid, 1940->
2. Matilda Espuñes 1909-1950. However this guess anticipates that there are an M on the left side of the amphora and an E on the right side. Unfortunately that is indeed difficult to see and verify.
Maybe somebody else has a better "guess"
By the way, such statuette's function is being placed on the dinner table in order to activate conversation as well as discussions about it and other matters of interest. Usually there are two of them e. g. two fighting roosters, one in each end of the table. They can be made in silver, plated, brass, bronze and porcelain ...Silver is not so common. Usually they are plated or in porcelain.
You probably know the Spanish porcelain factory Lladro. They produce small beautiful figurines in porcelain. Such small figurines/statuettes were put on the dinner table in the 18-19th century for the same reason: To activate conversation/discussions keeping up the good feeling during the dinner. Nowadays you seldom see them on the dinner table but more often on sideboards, book shells etc.
A verification to what I said above. What I forgot to tell you was that such birds/decorations should always be a pair. You have lost its pair. Anyway, I can now tell you that I got more information. It is made in Dionisio Garcia in Madrid in about 1940.