A little key - silvery (5)
I believe the answer is:
white
'silvery' is the definition.
(thesaurus)
'a little key' is the wordplay.
'a little' becomes 'whit' (I've seen this before).
'key' becomes 'e' (musical key).
'whit'+'e'='WHITE'
(Other definitions for white that I've seen before include "murderer" , "Colourless" , "wine" , "Achromatic colour" , "- Christmas, famous song" .)