Psalm 32

By David. A contemplative psalm.
1 Blessed is he whose disobedience is forgiven, whose sin is covered. 2 Blessed is the man to whom the LORD doesn’t impute iniquity, in whose spirit there is no deceit. 3 When I kept silence, my bones wasted away through my groaning all day long. 4 For day and night your hand was heavy on me. My strength was sapped in the heat of summer. Selah. 5 I acknowledged my sin to you. I didn’t hide my iniquity. I said, I will confess my transgressions to the LORD, and you forgave the iniquity of my sin. Selah. 6 For this, let everyone who is godly pray to you in a time when you may be found. Surely when the great waters overflow, they shall not reach to him. 7 You are my hiding place. You will preserve me from trouble. You will surround me with songs of deliverance. Selah. 8 I will instruct you and teach you in the way which you shall go. I will counsel you with my eye on you. 9 Don’t be like the horse, or like the mule, which have no understanding, who are controlled by bit and bridle, or else they will not come near to you. 10 Many sorrows come to the wicked, but loving kindness shall surround him who trusts in the LORD. 11 Be glad in the LORD, and rejoice, you righteous! Shout for joy, all you who are upright in heart!

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Questions about today’s reading? See if Matthew Henry can help.
Matthew Henry’s Concise Commentary, 1706

Verses 1–2
Sin is the cause of our misery; but the true believer’s transgressions of the Divine law are all forgiven, being covered with the atonement. Christ bare his sins, therefore they are not imputed to him. The righteousness of Christ being reckoned to us, and we being made the righteousness of God in him, our iniquity is not imputed, God having laid upon him the iniquity of us all, and made him a sin-offering for us. Not to impute sin, is God’s act, for he is the Judge. It is God that justifies. Notice the character of him whose sins are pardoned; he is sincere, and seeks sanctification by the power of the Holy Ghost. He does not profess to repent, with an intention to indulge in sin, because the Lord is ready to forgive. He will not abuse the doctrine of free grace. And to the man whose iniquity is forgiven, all manner of blessings are promised.
Verses 3–7
It is very difficult to bring sinful man humbly to accept free mercy, with a full confession of his sins and self-condemnation. But the true and only way to peace of conscience, is, to confess our sins, that they may be forgiven; to declare them that we may be justified. Although repentance and confession do not merit the pardon of transgression, they are needful to the real enjoyment of forgiving mercy. And what tongue can tell the happiness of that hour, when the soul, oppressed by sin, is enabled freely to pour forth its sorrows before God, and to take hold of his covenanted mercy in Christ Jesus! Those that would speed in prayer, must seek the Lord, when, by his providence, he calls them to seek him, and, by his Spirit, stirs them up to seek him. In a time of finding, when the heart is softened with grief, and burdened with guilt; when all human refuge fails; when no rest can be found to the troubled mind, then it is that God applies the healing balm by his Spirit.
Verses 8–11
God teaches by his word, and guides with the secret intimations of his will. David gives a word of caution to sinners. The reason for this caution is, that the way of sin will certainly end in sorrow. Here is a word of comfort to saints. They may see that a life of communion with God is far the most pleasant and comfortable. Let us rejoice, O Lord Jesus, in thee, and in thy salvation; so shall we rejoice indeed.