diff --git a/examples/lighting-app/silabs/src/AppTask.cpp b/examples/lighting-app/silabs/src/AppTask.cpp
index 4f74ca7f34..852163087d 100644
--- a/examples/lighting-app/silabs/src/AppTask.cpp
+++ b/examples/lighting-app/silabs/src/AppTask.cpp
@@ -105,6 +105,7 @@ CHIP_ERROR AppTask::Init()
 #endif // QR_CODE_ENABLED
 #endif
 
+    BaseApplication::InitCompleteCallback(err);
     return err;
 }
 
diff --git a/examples/platform/silabs/BaseApplication.cpp b/examples/platform/silabs/BaseApplication.cpp
index b3e3df1744..86c3e83270 100644
--- a/examples/platform/silabs/BaseApplication.cpp
+++ b/examples/platform/silabs/BaseApplication.cpp
@@ -89,6 +89,12 @@
 #include "sl_cmp_config.h"
 #endif
 
+// Tracing
+#include <matter/tracing/build_config.h>
+#if MATTER_TRACING_ENABLED
+#include <platform/silabs/tracing/SilabsTracing.h>
+#endif // MATTER_TRACING_ENABLED
+
 /**********************************************************
  * Defines and Constants
  *********************************************************/
@@ -113,6 +119,11 @@ using namespace chip::app;
 using namespace ::chip::DeviceLayer;
 using namespace ::chip::DeviceLayer::Silabs;
 
+#if MATTER_TRACING_ENABLED
+using TimeTraceOperation = chip::Tracing::Silabs::TimeTraceOperation;
+using SilabsTracer       = chip::Tracing::Silabs::SilabsTracer;
+#endif // MATTER_TRACING_ENABLED
+
 namespace {
 
 /**********************************************************
@@ -340,6 +351,14 @@ CHIP_ERROR BaseApplication::Init()
     return err;
 }
 
+void BaseApplication::InitCompleteCallback(CHIP_ERROR err)
+{
+#if MATTER_TRACING_ENABLED
+    SilabsTracer::Instance().TimeTraceEnd(TimeTraceOperation::kAppInit);
+    SilabsTracer::Instance().TimeTraceEnd(TimeTraceOperation::kBootup);
+#endif // MATTER_TRACING_ENABLED
+}
+
 void BaseApplication::FunctionTimerEventHandler(void * timerCbArg)
 {
     AppEvent event;
diff --git a/examples/platform/silabs/BaseApplication.h b/examples/platform/silabs/BaseApplication.h
index 39c0e2cab3..36530c0595 100644
--- a/examples/platform/silabs/BaseApplication.h
+++ b/examples/platform/silabs/BaseApplication.h
@@ -89,7 +89,7 @@ class BaseApplication
 
 public:
     BaseApplication() = default;
-    virtual ~BaseApplication() {};
+    virtual ~BaseApplication(){};
     static bool sIsProvisioned;
     static bool sIsFactoryResetTriggered;
     static LEDWidget * sAppActionLed;
@@ -122,6 +122,7 @@ class BaseApplication
      *
      * @param event AppEvent to post
      */
+
     static void PostEvent(const AppEvent * event);
 
     /**
@@ -176,6 +177,12 @@ class BaseApplication
 protected:
     CHIP_ERROR Init();
 
+    /** @brief
+     * Function to be called at the end of Init to indicate that the application has completed its initialization.
+     * Currently only used for tracing, might want to move logging here as well in the future
+     */
+    void InitCompleteCallback(CHIP_ERROR err);
+
     /**
      * @brief Function called to start the function timer
      *
diff --git a/examples/platform/silabs/MatterConfig.cpp b/examples/platform/silabs/MatterConfig.cpp
index 5b29a0af18..7871316230 100644
--- a/examples/platform/silabs/MatterConfig.cpp
+++ b/examples/platform/silabs/MatterConfig.cpp
@@ -187,6 +187,11 @@ void ApplicationStart(void * unused)
     if (err != CHIP_NO_ERROR)
         appError(err);
 
+#if MATTER_TRACING_ENABLED
+    SilabsTracer::Instance().TimeTraceEnd(TimeTraceOperation::kMatterInit);
+    SilabsTracer::Instance().TimeTraceBegin(TimeTraceOperation::kAppInit);
+#endif // MATTER_TRACING_ENABLED
+
     gExampleDeviceInfoProvider.SetStorageDelegate(&chip::Server::GetInstance().GetPersistentStorage());
     chip::DeviceLayer::SetDeviceInfoProvider(&gExampleDeviceInfoProvider);
 
@@ -218,9 +223,6 @@ void SilabsMatterConfig::AppInit()
     ChipLogProgress(DeviceLayer, "Starting scheduler");
     VerifyOrDie(sMainTaskHandle); // We can't proceed if the Main Task creation failed.
 
-#if MATTER_TRACING_ENABLED
-    SilabsTracer::Instance().TimeTraceEnd(TimeTraceOperation::kMatterInit);
-#endif // MATTER_TRACING_ENABLED
 #if MATTER_TRACING_ENABLED
     SilabsTracer::Instance().TimeTraceEnd(TimeTraceOperation::kBootup);
 #endif // MATTER_TRACING_ENABLED
diff --git a/src/platform/silabs/efr32/OTAImageProcessorImpl.cpp b/src/platform/silabs/efr32/OTAImageProcessorImpl.cpp
index 0c9addf4de..47716d6383 100644
--- a/src/platform/silabs/efr32/OTAImageProcessorImpl.cpp
+++ b/src/platform/silabs/efr32/OTAImageProcessorImpl.cpp
@@ -356,9 +356,15 @@ void OTAImageProcessorImpl::HandleApply(intptr_t context)
     }
 #endif // SL_BTLCTRL_MUX
 
-    ChipLogProgress(SoftwareUpdate, "Reboot and install new image...");
 #if MATTER_TRACING_ENABLED
     SilabsTracer::Instance().TimeTraceEnd(TimeTraceOperation::kImageVerification);
+    SilabsTracer::Instance().TimeTraceInstant(TimeTraceOperation::kAppApplyTime);
+#endif // MATTER_TRACING_ENABLED
+    ChipLogProgress(SoftwareUpdate, "Reboot and install new image...");
+
+#if MATTER_TRACING_ENABLED
+    // Flush all traces before reboot since we do not store them in NVM currently
+    SilabsTracer::Instance().TraceBufferFlushAll();
 #endif // MATTER_TRACING_ENABLED
 #if defined(_SILICON_LABS_32B_SERIES_3) && CHIP_PROGRESS_LOGGING
     osDelay(100); // sl-temp: delay for uart print before reboot
diff --git a/src/platform/silabs/tracing/SilabsTracing.cpp b/src/platform/silabs/tracing/SilabsTracing.cpp
index 3d0d1107f6..a93f0ee9c3 100644
--- a/src/platform/silabs/tracing/SilabsTracing.cpp
+++ b/src/platform/silabs/tracing/SilabsTracing.cpp
@@ -82,6 +82,8 @@ const char * TimeTraceOperationToString(TimeTraceOperation operation)
         return "SilabsInit";
     case TimeTraceOperation::kMatterInit:
         return "MatterInit";
+    case TimeTraceOperation::kAppInit:
+        return "AppInit";
     case TimeTraceOperation::kNumTraces:
         return "NumTraces";
     case TimeTraceOperation::kBufferFull:
diff --git a/src/platform/silabs/tracing/SilabsTracing.h b/src/platform/silabs/tracing/SilabsTracing.h
index 80f110ce37..ea15c12340 100644
--- a/src/platform/silabs/tracing/SilabsTracing.h
+++ b/src/platform/silabs/tracing/SilabsTracing.h
@@ -61,6 +61,7 @@ enum class TimeTraceOperation : uint8_t
     kBootup,
     kSilabsInit,
     kMatterInit,
+    kAppInit,
     kBufferFull,
     kNumTraces,
 };