In a heavy bottomed pan, add the condensed milk and grated coconut. Keep stirring on a low flame till the mixture starts thickening.
Add the cardamom powder. Continue stirring on a low flame till the mixture leaves the pan.
Transfer the mixture to another bowl and let it cool. Once cool enough to handle, make small ladoos out of the dough. If the mixture is too runny rather than dough-like, heat it again till thick enough.
Roll the ladoos in grated coconut till evenly coated. Garnish with almond silvers.