Excited about grand ring set in silver (4)
I believe the answer is:
agog
'excited' is the definition.
('agog' can be similar in meaning to 'excited')
'grand ring set in silver' is the wordplay.
'grand' becomes 'g' ('G' can be a synonym of 'grand').
'ring' becomes 'o'.
'set in' means one lot of letters goes inside another.
'silver' becomes 'ag' (Ag is the chemical symbol for silver).
'g'+'o'='go'
'go' going into 'ag' is 'AGOG'.
'about' is the link.
(Other definitions for agog that I've seen before include "Eagerly excited" , "Open-mouthed" , "on the edge of your seat" , "Very far from indifferent" , "Full of expectation" .)