Wolves have lost their last two games and sit in 23rd position in the Championship, while Hull are closing in on promotion to the Premier League, but Saunders believes that his side are capable of causing an upset.
The 48-year-old told the club's official website: "Sometimes it helps to come up against a good team like Hull because we'll probably be given no chance.
"They are bang on form but on our day we can beat anybody. Nothing surprises you in this division."
The Molineux outfit could find themselves four points away from safety with three matches remaining if they lose to the Tigers.