Here are the 3 most heavily traded ASX 200 shares on Wednesday

Lithium and gold are dominating today's most-traded shares…

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The S&P/ASX 200 Index (ASX: XJO) has shaken off the malaise that has been gripping it this week and posted a strong gain at this point of Wednesday's trading session. At the time of writing, the ASX 200 has gained a very healthy 1.35%, which lifts the index to just under 7,120 points.

Hooray. Let's now dig a little deeper into these market moves by checking out the shares currently at the top of the ASX 200's share trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Wednesday

Evolution Mining Ltd (ASX: EVN)

First up today is ASX 200 gold miner Evolution. So far this Wednesday, a decent 13 million Evolution shares have found a new ASX home. This looks like a consequence of the stellar day Evolution shares are enjoying today.

The gold miner, like its peers, is lifting dramatically after a strong rise in the price of gold overnight. Evolution shares are up a pleasing 7.75% so far today to $3.06 a share.

Liontown Resources Ltd (ASX: LTR)

Next up this session, we have ASX 200 lithium share Liontown Resources. A hefty 14.4 million Liontown shares have traded hands as it currently stands. With no fresh news out of Liontown so far, this volume could be in response to the significant volatility we have seen in Liontown shares on the markets.

Liontown initially started out with a bang this morning, rising as high as $1.40 a share (up almost 2.5%). But investors seem to have gotten cold feet as the day has progressed, with Liontown now down to $1.32 a share, a loss of 2.22% for the session.

Pilbara Minerals Ltd (ASX: PLS)

Third and finally today, we have another ASX 200 lithium share in Pilbara Minerals. This Wednesday has seen a notable 25.38 million Pilbara shares bought and sold on the share market. A very similar situation to Liontown seems to be at work here.

Pilbara also opened strongly this morning, shooting up to a high of $4.02 soon after market open (up more than 3%). But again, investors have had a change of heart as the day has progressed, and Pilbara shares are now down to $3.83 each, a loss of 0.91%.

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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