Gold sank modestly on Monday in a session marked by very light trading volume. Moreover, the metal remains on track to finish the year with its biggest annual decline in decades.

Gold futures for February delivery fell 0.8% to $1,203.80 per ounce on Monday, according to CME Group. Gold traded as high as $1,215.80 and as low as $1,200.20. Bullion closed in London at $1,198, according to BullionVault.

Silver futures for March delivery slid 2.2%, to $19.62 per ounce. Monday’s high for silver was $20.18, while the low was $19.54.

Metal funds declined on Monday.

• The SPDR Gold Shares (GLD) sank 1.5%.
• The iShares Gold Trust (IAU) faded 1.5%.
• The iShares Silver Trust (SLV) dropped 2.2%.

Mining ETFs sank during the day.

• The Market Vectors Gold Miners ETF (GDX) slid 2.8%.
• The Market Vectors Junior Gold Miners ETF (GDXJ) fell 1.9%.
• The Global X Silver Miners ETF (SIL) dipped 0.7%.

Gold stocks retreated on Monday.

• Agnico-Eagle Mines (AEM) slipped 2.8%.
• Barrick Gold (ABX) waned 2%.
• Eldorado Gold (EGO) slid 3.2%.
• Goldcorp (GG) fell 3.2%.
• Kinross Gold (KGC) declined 2.7%.
• Newmont Mining (NEM) dropped 2.8%.
• NovaGold Resources (NG) dipped 0.4%.
• Yamana Gold (AUY) sank 2.7%.

Silver mining shares pulled back during the day.

• Coeur d’Alene Mines (CDE) dropped 3.4%.
• Hecla Mining (HL) fell 1.4%.
• Pan American Silver (PAAS) slid 1.9%.
• Silver Wheaton (SLW) declined 2.7%.
• Silver Standard Resources (SSRI) sank 2.7%.

As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of BullionVault contributed to this report.