Our soul is escaped - We have escaped; our life has been preserved.
As a bird out of the snare of the fowlers - By the breaking of the snare, or the gin. The bird is entangled, but the net breaks, and the bird escapes. See the notes at Psalms 91:3.
The snare is broken ... - It was not strong enough to retain the struggling bird, and the captive broke away. So we seemed to be caught. The enemy appeared to have us entirely in his power, but escape came to us as it does to the bird when it finds the net suddenly break, and itself again at large.