Ugly fence

Now that spring is officially here, I've got a hankering to go out and play in the garden.  But the thing I see the minute I walk out the door is my fence. 

It's the world's ugliest fence.  It's chain link and about 40 years old and it's rusty.  I've thought about spray painting it silver, but thought that wouldn't be so kind the the environment and waste a lot of cans of spray paint.  I was wondering if I should just get a roller and go over it.  At least that might use less paint.

Anybody ever have this problem?