Same thing here. This is Ultra Realism. It only has metallic reflections on the edge of the blades, but you can clearly see the gray-ness from the first-person perspective.
It does however look correct from third person perspective
Still happens in the new update:
Same thing here. This is Ultra Realism. It only has metallic reflections on the edge of the blades, but you can clearly see the gray-ness from the first-person perspective.