That sounds like twice the sound to me due to the additional canceling wave. I don’t trust it to not damage the little delicate bits in my ear just because my brain is able to sum the two waves and perceive silence.
The energy goes into constructive interference in other parts of the wave (hopefully not traveling into your ear). Avery's beamlab[1] provides a nice playground with visual representation (use the anti-optimize mode). It's built around radio signals but the concept is very much the same.