Yes, it is usually used as the shield on economy class Victorinox knives. It is called a hot stamped shield where the silver foil is melted/pressed into the knife scale. They wear off somewhat over time and use. The regular Victorinox knives have a metal inlay that is much classier.
There are some older knives with the same shield except it is a metal inlay. These are frequently found on Victorinox knives that have the Elinox tang stamp.