This command displays peak statistics for the selected audio, or if no selection exists, for the entire document. The statistics include the minimum and maximum samples, the peak level in decibels, and the DC bias. Separate statistics are kept for each channel.
To locate a minimum or maximum sample in the audio, right-click the value of interest, and select Go to on the resulting context menu. This moves the audio cursor to the first matching sample. Note that when you right-click, both the row and the column matter: the row specifies which channel to search, and the column (Min Sample or Max Sample) specifies which extreme to locate.