The metal is down to shiny metal with a flap disk, it just doesn't look like it in the shadowed pictures.
As far as the cream that is floating, it is not the silicone, it is copper. The silicone in the wire is so very minimal, it just helps to wet out and make a little nicer looking weld bead, has nothing to do with strength. 70k psi wire is still 70 psi wire whether it is a -3 or a -6 suffix.
Solid core wire has a copper coating (as does TIG rod) and people think it is to keep the wire from rusting and merely for corrosion protection, however, it has nothing to do with corrossion protection. The wire will still rust if exposed to moisture. The copper coating is applied so that when the wire is drawn through the dies for sizing it acts as a lubrication against the dies making them last longer. Nothing more, merely to prolong the life of the dies.
Mike.