The texture on the blade looks more like stone then metal. It helps to put a tint of blue in your diffuse when making metal. I think your specular needs some work too. Keep up the good work!
He said blue tint in the difuse, not the spec. and your spec is too weak making it look like stone. A colored difused wouldn't really make that much of a difference when it seems the its to dark for the metal. I really like the bone of your sword, a little to shinny for real bone I think but then everything in Oblivion…