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The Furious weapon quality says that when the wielder is raging, or under the effects of the Rage spell, the Enhancement bonus is +2 better than normal, making a +1 weapon the equivalent of a +3.
Does this help bypass silver and Cold Iron as a +3 weapon, or does it just boost attack and damage rolls?
It pretty clearly makes it a +3 weapon; I'd say it bypasses silver and cold iron.