The chemistry of Schrock-type silylidene/germylidene complexes is the subject of this review. This is preceded by the general consideration of the prototypical transition metal carbene complexes and their classification as either Fischer or Schrock carbene complexes. Following this background, silylene/germylene complexes of the early (groups 3-4) and mid-(groups 5-7) transition metals are briefly discussed in terms of their synthesis and nature of the transition metal-silylene/ germylene bonding interaction. Major attention will be paid for the preparation, bonding nature, and particular reactivity of those complexes, which, on the basis of their spectroscopic, structural, and computational studies, are reliably categorized as the Schrock-type silylene/germylene transition metal complexes, that is silylidenes/germylidenes.