Create a metallic text in photoshop

It will look like this>>>>

1. Create a new document of background is of like dark grey color :

2. Create a new layer and name it texture and apply grunge brush effect with white color like this:

3. Open blending options of texture layer by fx button or by double clicking on layer and do as shown below:

4. Add a mask and press ctrl+i to invert it.Choose a soft brush(hardness 0% & size 950px) and click in center of the document:

5. With type tool(T) type text in center of document with these settings:

6.Open blending option of text layer and apply these effects (enlarge image) :

7. Select the text with type tool and reduce space (A V) to -5.

8. Make a duplicate layer of text layer and remove effects from duplicate layer:

9. Open blending option of  duplicate text layer and apply effects shown below":

10. To make it realistic and crispy apply several effects:

save it in jpg format that would give best effect.