Here are the 3 most traded ASX 200 shares on Wednesday

The S&P/ASX 200 Index (ASX: XJO) is experiencing something of a bounce back so far this Wednesday after the nasty falls we saw on the markets yesterday. At the time of writing, the ASX 200 has bounced by a healthy 0.36% and is now back over 7,100 points.

So let's dig a little deeper and check out the ASX 200 shares that are currently at the top of the share market's volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Wednesday

Westpac Banking Corp (ASX: WBC)

ASX 200 big four bank Westpac makes a rare appearance on this list today as our first share to check out. So far today, a robust 11.8 million Westpac shares have been bought and sold. There hasn't been any official news out of Westpac today.

Thus, it's likely that this elevated trading volume is the result of the nasty 5.8% share price fall that the bank has suffered through today. As we covered earlier, the sector-wide falls we are seeing in the ASX banks today appear to be a consequence of the Reserve Bank of Australia's big interest rate hike yesterday.

Pilbara Minerals Ltd (ASX: PLS)

Pilbara Minerals is next up this Wednesday. So far today, a notable 16.12 million of this ASX 200 lithium producer's shares have found a new home.

This high volume appears to be another result of a share price fall. Thankfully for Pilbara investors, this time we have a far milder drop of 1.23% for Pilbara, which takes the company to $2.40 a share at present. 

Paladin Energy Ltd (ASX: PDN)

Uranium share Paladin Energy is our third, final and most traded ASX 200 share of the day today. This Wednesday has seen a whopping 27.78 million Paladin shares change hands as it currently stands. This is almost certainly a result of the 13% rise Paladin shares have enjoyed over the trading day.

As my Fool colleague Monica covered this afternoon, most ASX uranium shares are on fire today after news that the US government is proposing a $4.3 billion plan for buying enriched uranium from domestic producers, which could include Paladin.