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Australian skier Matt Graham has won silver in the dual moguls in Deer Valley, moving him to first place in the World Cup standings.

Australian skier Matt Graham has claimed silver in the dual moguls to register back-to-back medals at the World Cup event in Deer Valley.

Friday's success moves Graham into first place on the World Cup standings, the first time an Australian male mogul skier has had the yellow leader bib since the legendary Dale Begg-Smith in 2010.

The 26-year-old from the NSW Central Coast moved through the earlier rounds of the event with ease to advance to the duel for first place against Canada's 2018 Olympic champion Mikael Kingsbury.

In a tight race in snowy conditions, Graham fell short with Kingsbury taking the win with a score of 20 to 15 points. Rounding out the podium in third place was Frenchman Benjamin Cavet.

"Feels great to get the silver here in Deer Valley after yesterday's bronze", Graham said after collecting his third medal of the season.

"It was a tough day today, I think all the boys were a bit sore after yesterday's event, so we really had to dig deep.

"It's a great feeling to go into the last World Cup event of the season wearing the yellow leaders bib."

For Graham, the result marks the 18th major medal of his career (three gold, seven silver, eight bronze).

With one World Cup competition left in the schedule - a dual mogul event in Kazakstan on March 14 - Graham sits in first place on the standings with 289 points.

Behind Graham is Cavet on 271 points, Sweden's Ludavig Fjallstrom (258) and Japan's Ikuma Horishima (246).

Graham's teammate Brodie Summers is fifth after finishing eighth in today's event.

On Saturday, the aerial skiers will compete at the 2002 Olympic venues.

Laura Peel is aiming to extend her lead on top of the World Cup standings while multiple world championship medallist Danielle Scott will make her comeback to competition after a three-year break.