In order to reduce the hidden danger of noise which can be charactered by singularity spectrum, a new algorithm based on wavelet transform modulus maxima method was proposed. Singularity analysis is one of the most promising new approaches for extracting noise hidden information from noisy time series . Because of singularity strength is hard to calculate accurately, a wavelet transform modulus maxima method was used to get singularity spectrum. The singularity spectrum of white noise and aluminium interconnection electromigration noise was calculated and analyzed. The experimental results show that the new algorithm is more accurate than tradition estimating algorithm. The proposed method is feasible and efficient.