Actually I'm not that unhappy with Silver at $16 atm. As I said, have a look at the implied vola!! I'm currently stacking up on some options with maturity up to 2 years out. Could be too early, but then again, the vola is so low, the options so cheap, that you're losing very little to nothing if Silver stays stale, but gains will be tremendous if "something happens"!
But I totally get your frustration!
Cheers!