Rear End Lateral Sway

[TNTaylor]

I have a 2006 Suzuki Vinson 500 which lately feels like the rear end is swaying laterally.  I'm thinking its the rear wheel bearings but I'm open for any other suggestions.  The quad has a little over 2,000 mud & trail miles on it and I've already replaced the front wheel bearings which were bad.  I'm running on ITP MudLites at 6 PSI.  I've already tried adjusting the shocks but it didn't make a difference.

[TRXASAURUS]

single axle? if yes then YES!  if you wait too long to replace bearings then they will eat the carrier.  lot o miles!