I would think the cylinders are probably needing a reseal if it has been used a lot. I have had many hydraulic cylinders rebuilt because the "leaked through" and could not build max pressure thus giving you much less working force. You can rebuild the cylinders yourself with only a few hand tools and a good steady vice to place the cylinder in. The rebuild kits are not very expensive (less than $20.00 most of the time).
Do the cylinders leak down over time if you leave the bucket raised up say overnight? Cylinders that leak down can be a indication of bad seals, (but this is not a 100% way to determine if they are bad). Also, a cylinder does not always leak oil to the outside when they are worn out inside.
Hope this helps,