Translation
or before the silver cord is removed or the golden bowl is crushed in pieces, or the pitcher is broken to pieces at the spring or the wheel at the well is broken,
Paraphrase
before the cord which holds the lamp suspended from the ceiling is broken and the light (of life) is extinguished, before
the golden bowl holding the oil for the lamp falls and is broken to pieces and the oils spills out and the lamp (of life) goes out, or when
the availability of living water is gone or the ability to get any water (life) at all, has disappeared,