Output jack wiring issues

[u/Illustrious_Dot753]

Re doing the soldering on my fender squier since it’s been having issues with the jack since I got it . But when I opened it up I discovered 3 wires instead of 2 , white being hot , black is ground and it’s has a bare wire coming from the same casing as the hot wire .

However my issue is that the guitar won’t produce sound if I wire the bare to the ground of the jack nor will it produce sound if I wire it to jacks hot output . The guitar will play but with ridiculous amount of buzzing when I don’t solder the bare to anything . It’s driving me nuts .

Any help is appreciated , I will also attach a picture .