What does the cryptic crossword clue "Pinch the Spanish metal (6)" mean?

The definition is "metal". The wordplay uses a charade (building blocks). NICK (synonym="Pinch") + EL (abbreviation="the Spanish") = NICKEL; definition: "metal" The answer is NICKEL.

Pinch the Spanish metal (6)

Daily Mail Cryptic #16788 | 7 Down | 2022-03-08 flower

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