The quick layers palette is great if you want to hide all elements in the same layer as the single element you want to hide.
If you want to hide just that one layer then yes you have to change it's layer to one that is hidden.
If you don't mind the element still being on the screen you can also lock it.
This can be done for a single element - EDIT menu > locking (in the quick layer palette it again locks the entire layer).
Then there is no danger of editing or deleting that element.
Barry.
One of the forum moderators.
Versions 6.5 to 27
i7-10700 @ 2.9Ghz, 32GB ram, GeForce RTX 2060 (6GB), Windows 10
Lenovo Thinkpad - i7-1270P 2.20 GHz, 32GB RAM, Nvidia T550, Windows 11