Cause harm to honoured lady holding silver (6)
I believe the answer is:
damage
'cause harm to' is the definition.
(I've seen this in another clue)
'lady holding silver' is the wordplay.
'lady' becomes 'dame' (synonyms).
'holding' means one lot of letters goes inside another.
'silver' becomes 'Ag' (Ag is the chemical symbol for silver).
'dame' going around 'ag' is 'DAMAGE'.
'honoured' acts as a link.
I am not very happy about this link. It may be part of another bit of the clue.
Can you help me to learn more?
(Other definitions for damage that I've seen before include "Detrimental effect" , "Deface, harm" , "vandalism?" , "Ravages" , "Impair and lower value" .)