Cryptic crossword clue
Kind of pencil, round and silver, that’s used by a woman 7

The most common and most likely answer to this crossword clue is the 7 letter word HANDBAG

I've seen this crossword clue in The Daily Telegraph
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Buddy explains!

The straight part
We know that "that’s used by a woman" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case that’s used by a woman = handbag.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does HANDBAG mean?

HANDBAG noun
  1. (mainly Commonwealth) A small bag used by women (or sometimes by men) for carrying various small personal items.
  2. An subgenre of house music of the late 1980s, often with booming vocals.
HANDBAG verb
  1. Figuratively, to hit with a handbag; to attack verbally or subject to criticism (used of Margaret Thatcher).

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