The VIS athlete qualified in first at the event, before taking out round one of finals with the highest scoring (97.99) double somersault of the competition.
In the second final, Peel performed a double full-full, giving her a score of 97.64 and earning her the silver medal behind the current World Champion Belarus' Aliaksandra Ramanouskya, at 105.93 with a double twisting triple somersault.
It's been a steady rise for the highest ranked Australian female PyeongChang 2018 Olympian, who recently was very unlucky to miss the podium in fourth place at the World Championships in Deer Valley.
After winning her first medal of the season, Peel told FIS TV she was thrilled with a memorable podium finish.
"I was really happy with my jumps today, I put down the best I could and came away with second place so I'm super happy to be on the podium," she said.
"Through each round I put down a really solid jump. I stuck to my plan and completed both my triple twisting doubles. It couldn't have gone better.
"It felt super-sweet after just missing that podium in Deer Valley last weekend," she finished.
After her medal, the 29-year-old posted on social media, "Happy. Proud. Grateful. Second place for me at this weekend’s World Cup! Thanks for the memories Moscow."
The Flying Kangaroos Australian Aerial Ski Team now head to Minsk, Belarus, for the next World Cup event on February 23.
Top -The spectacular jump site in Moscow
Bottom - Laura Peel (left) celebrates on the Moscow Podium
© FIS - Alexey Shabanov