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Can you share more details around Syntex archiving? (1) expected pricing / licensing required (2) how does it impact search & audit log (3) does archiving impact SharePoint APIs? e.g. will the files still visible via the SharePoint API? (4) when a document is archived, is metadata still accessible but not the file content? To see the content need to recall the file back into SharePoint?
Syntex archival storage will be available to most M365 commercial plans at a cost significantly lower than today's M365 "hot" storage. It will work in place, preserving metadata and searchability, but viewing or editing content with require "rehydration", and API access will be limited as a result. Syntex Archive is designed to help you keep you content in place inside the M365 trust boundary while managing your costs for less-used content at scale.