The result 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 dual for first place against 2018 Olympic Champion Mikael Kingsbury of Canada.
In a very close head to head race in snowy conditions, Graham just fell short with Kingsbury taking the win with a score of 20 to 15 points. Rounding out the podium in third place was Benjamin Cavet of France.
“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 where 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.”
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 in the standings is Frenchman Benjamin Cavet on 271 points, Ludavig Fjallstrom of Sweden with 258 points and Ikuma Horishima of Japan on 246 points.
Graham’s teammate Brodie Summers is in fifth on the standings after finishing eighth for the second time in Deer Valley, his fifth top-10 of the season.
In the women's standings, Jakara Anthony sits in eighth place, after finishing in 11th place in the dual moguls.
Other Australian results included Britt Cox in 16th, Cooper Woods-Topalovic 19th place, Sophie Ash 30th and James Matheson in 31st
The mogul team will now train in Ruka, Finland, preparing for the World Championships which will take place in Almaty, Kazakhstan, with single moguls on March 8 and dual moguls on March 9. The World Cup final will take place at the same location on March 14.
IMAGE: World number one's Matt Graham and Perrine Laffont of France.