Misleadingly meant to include silver or red (7)
I believe the answer is:
magenta
'red' is the definition.
(magenta is a kind of red)
'misleadingly meant to include silver' is the wordplay.
'misleadingly' indicates anagramming the letters (I've seen this in other clues).
'to include' is an insertion indicator.
'silver' becomes 'ag' (Ag is the chemical symbol for silver).
'meant' anagrammed gives 'menta'.
'menta' placed around 'ag' is 'MAGENTA'.
'or' is the link.
(Other definitions for magenta that I've seen before include "Colourful" , "Light purplish-red" , "Colour named after a bloody 1859 battle in Italy" , "Bright purplish red or magnate" , "Reddish-purple colour" .)