At the risk of repeating myself, I was going to suggest Revell Aqua Color Aluminium, which is magnificent for bare-metal finishes, e.g. aircraft, for a water-based acrylic paint. I've painted it straight on white and grey undercoats as well as slightly darker metallics (polished or oiled steel, usually), and it is my absolute favourite "silver tone" for pretty much any application.
That said, as you are looking for a weathered effect, I would attempt an intermediate steel tone, e.g. a mix of GW chainmail and Boltgun Metal, drybrush it with a very dry lighter silver or the VMC Aluminium paint, which dries rather white-ish, and then wash the whole thing with a mix of Boltgun Metal / gunmetal, some black and some brown ink to tone it down, overall.
As said before, aluminium doesn't rust, so you are looking more for crusty rather than rusty, with maybe a slight layer of grime on it.