The 22-year-old Shreyasi shot down a total target of 92 to bag the silver, two shots behind gold winner Charlotte Kerwood of England.
Another Englishwoman Rachel Parish won the bronze with 91 points, after a shoot-off with Cynthia Meyer of Canada.
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With Kerwood, in whose name the Commonwealth Games record of 106 points (at 2006 Melbourne) stands, struggling in the final round, Shreyasi was in with a chance to go for a shoot-off for the gold but missed the double target twice to settle for the white metal. Shreyasi had rounds of 22 24 23 23.
The other Indian in the fray, 20-year-old Varsha Varman finished fifth with 88 points (22, 19, 24, 23).
Including Shreyasi's silver, Indian shooters have won eighth medals so far (3 gold and 5 silver).
It began with one gold and one silver on the opening day of shooting competitions on Friday, before the Indian shooters added two gold and three silver yesterday.
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