diff --git a/CHANGELOG.md b/CHANGELOG.md
index efd68d7..1438712 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -26,6 +26,9 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
   `MarkdownEditorConfiguration.safeAreaInsets`.
 
 ### Fixed
+- `NativeTextViewWrapper` keeps links clickable and text selectable
+  when `isEditable: false`; `isSelectable` is no longer coupled to
+  `isEditable`. (#31)
 - `NativeTextViewWrapper` now applies its initial styling pass even when
   the bound text starts at its final value (e.g. supplied as a SwiftUI
   `@State` initializer). Previously the editor would render the raw
diff --git a/Sources/MarkdownEngine/Parser/MarkdownDetection.swift b/Sources/MarkdownEngine/Parser/MarkdownDetection.swift
index df252bd..ca76043 100644
--- a/Sources/MarkdownEngine/Parser/MarkdownDetection.swift
+++ b/Sources/MarkdownEngine/Parser/MarkdownDetection.swift
@@ -16,8 +16,13 @@ enum MarkdownDetection {
     static func computeActiveTokenIndices(
         selectionRange: NSRange,
         tokens: [MarkdownToken],
-        in text: NSString
+        in text: NSString,
+        suppressed: Bool = false
     ) -> Set<Int> {
+        // In read-only mode (no caret) we never want to reveal raw markdown
+        // syntax — `isEditable: false` should hide all tokens regardless of
+        // the trailing selection NSTextView keeps around after a click.
+        if suppressed { return [] }
         var indices: Set<Int> = []
         let caretLocation = selectionRange.location
         for (index, token) in tokens.enumerated() {
diff --git a/Sources/MarkdownEngine/TextView/Coordinator/NativeTextViewCoordinator+Restyling.swift b/Sources/MarkdownEngine/TextView/Coordinator/NativeTextViewCoordinator+Restyling.swift
index 8b56f11..003eb95 100644
--- a/Sources/MarkdownEngine/TextView/Coordinator/NativeTextViewCoordinator+Restyling.swift
+++ b/Sources/MarkdownEngine/TextView/Coordinator/NativeTextViewCoordinator+Restyling.swift
@@ -46,11 +46,15 @@ extension NativeTextViewCoordinator {
         textView.textStorage?.setAttributes(baseAttrs, range: fullRange)
 
         let tokens = parsedDocument(for: displayText).tokens
-        let caretLocation = textView.selectedRange().location
+        // Hide the caret position from styling when the view is read-only,
+        // otherwise clicks reveal raw token syntax (#, `, etc.) even though
+        // the user can't edit.
+        let caretLocation = textView.isEditable ? textView.selectedRange().location : -1
         activeTokenIndices = MarkdownDetection.computeActiveTokenIndices(
             selectionRange: textView.selectedRange(),
             tokens: tokens,
-            in: nsDisplay
+            in: nsDisplay,
+            suppressed: !textView.isEditable
         )
 
         let ranges = MarkdownStyler.styleAttributes(
@@ -102,7 +106,7 @@ extension NativeTextViewCoordinator {
             paragraphCandidates: paragraphCandidates,
             baseFont: baseFont,
             paragraphStyle: paragraphStyle,
-            caretLocation: textView.selectedRange().location,
+            caretLocation: textView.isEditable ? textView.selectedRange().location : -1,
             activeTokenIndices: activeTokenIndices,
             wikiLinkIDProvider: { [weak self] range in
                 self?.wikiLinkID(for: range)
@@ -217,7 +221,8 @@ extension NativeTextViewCoordinator {
         activeTokenIndices = MarkdownDetection.computeActiveTokenIndices(
             selectionRange: textView.selectedRange(),
             tokens: tokens,
-            in: nsText
+            in: nsText,
+            suppressed: !textView.isEditable
         )
         restyleTextView(textView, paragraphCandidates: paragraphs, tokens: tokens)
     }
diff --git a/Sources/MarkdownEngine/TextView/Coordinator/NativeTextViewCoordinator+TextDelegate.swift b/Sources/MarkdownEngine/TextView/Coordinator/NativeTextViewCoordinator+TextDelegate.swift
index 5a68e32..31935a6 100644
--- a/Sources/MarkdownEngine/TextView/Coordinator/NativeTextViewCoordinator+TextDelegate.swift
+++ b/Sources/MarkdownEngine/TextView/Coordinator/NativeTextViewCoordinator+TextDelegate.swift
@@ -118,7 +118,8 @@ extension NativeTextViewCoordinator {
         activeTokenIndices = MarkdownDetection.computeActiveTokenIndices(
             selectionRange: safeSelRange,
             tokens: tokens,
-            in: fullText
+            in: fullText,
+            suppressed: !tv.isEditable
         )
         filterImageEmbedActiveTokens(parsed: parsed, text: fullText, selectionLocation: safeSelRange.location)
         updateAutocorrectSettings(
@@ -182,7 +183,7 @@ extension NativeTextViewCoordinator {
         let nsText = tv.string as NSString
 
         let prevActive = activeTokenIndices
-        activeTokenIndices = MarkdownDetection.computeActiveTokenIndices(selectionRange: selRange, tokens: tokens, in: nsText)
+        activeTokenIndices = MarkdownDetection.computeActiveTokenIndices(selectionRange: selRange, tokens: tokens, in: nsText, suppressed: !tv.isEditable)
         filterImageEmbedActiveTokens(parsed: parsed, text: nsText, selectionLocation: selRange.location)
         updateAutocorrectSettings(
             tv,
@@ -323,7 +324,8 @@ extension NativeTextViewCoordinator {
         pendingPreEditActiveTokenIndices = MarkdownDetection.computeActiveTokenIndices(
             selectionRange: textView.selectedRange(),
             tokens: parsed.tokens,
-            in: textView.string as NSString
+            in: textView.string as NSString,
+            suppressed: !textView.isEditable
         )
 
         // Block LaTeX auto-wrap: insert newlines to keep $$ on its own line
diff --git a/Sources/MarkdownEngine/TextView/NativeTextViewWrapper.swift b/Sources/MarkdownEngine/TextView/NativeTextViewWrapper.swift
index 0f99802..841c8f3 100644
--- a/Sources/MarkdownEngine/TextView/NativeTextViewWrapper.swift
+++ b/Sources/MarkdownEngine/TextView/NativeTextViewWrapper.swift
@@ -140,7 +140,7 @@ public struct NativeTextViewWrapper: NSViewRepresentable {
         context.coordinator.configuration = configuration
         textView.insertionPointColor = configuration.theme.bodyText
         textView.isEditable = isEditable
-        textView.isSelectable = isEditable
+        textView.isSelectable = true
         textView.isRichText = true
         let initialState = WikiLinkService.makeDisplayState(from: text)
         textView.string = initialState.display
@@ -264,7 +264,7 @@ public struct NativeTextViewWrapper: NSViewRepresentable {
             (nsView.documentView as? NativeTextView)?.configuration.services = configuration.services
         }
         textView.isEditable = isEditable
-        textView.isSelectable = isEditable
+        textView.isSelectable = true
         textView.insertionPointColor = isEditable ? context.coordinator.configuration.theme.bodyText : .clear
         let fontChanged = (context.coordinator.fontName != fontName) || (context.coordinator.fontSize != fontSize)
         if let pendingInlineReplacement {