Computationally, Silverlight will win out compared to Javascript, no contest, especially with Silverlight 4 (twice as fast computationally). But I don't think raw number crunching performance is necessarily the most important thing, Chrome's Javascript engine is 10x faster than IE8's, but a web application in ExtJS isn't nearly 10x more responsive. How fast the object model is manipulated seems more important and HTML seems to be at a disadvantage here, because it's not really built for complex controls like grids in ExtJS.
If you look at the HTML generated by an ExtJS grid here, it goes 13 layers deep from the outmost container of the grid to the content of a cell. All those layers to trick HTML and CSS into doing the right thing.
And while I'm speculating a bit, it stands to reason that Silverlight's object tree is a lot flatter, because well, it can be as it's built to do the things it does. Add to that Silverlight's hardware acceleration and it will definitely win out in the performance department, but regardless of that I also think that performance is not very quickly a bottleneck when using a framework like ExtJS. It's still fast enough, usually.