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There really isn't. What 999 silver means is the silver is 99.9% pure, such pure silver is often called "fine" silver (compare that to Sterling silver which is 92.5% pure or coin silver which is 90% pure). Generic silver bars and rounds are what investors and dealers call just your average run of the mill silver bars and rounds as opposed to things such as American Silver Eagles, Canadian Maple Leafs, or junk silver (coins struck in silver that were intended for circulation but have no numismatic value beyond their bullion content).

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Q: What is the difference between 999 fine silver and 999 generic silver?
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