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The phrase "a sign of speculation" is correct and usable in written English.
It can be used when discussing indicators or evidence that suggest conjecture or uncertainty about a situation or outcome.
Example: "The sudden increase in stock prices is often viewed as a sign of speculation among investors."
Alternatives: "an indication of speculation" or "a marker of speculation".
Exact(1)
In what looks a sign of speculation to come, Lennon has now been linked with potential managerial vacancies at Stoke City and Leicester City.
Similar(59)
Is it a sign of rampant speculation?
When the American Exchange volume is relatively high, it is thought to be a sign of increased speculation because of the large number of low-priced issues which trade there.
Other critics view the proliferation of mutual funds as a sign of unhealthy speculation, although industry spokesmen insist that mutual fund companies are merely providing investors with more choices.
May 2010: A slight rise in rates due to renewed optimism about recovery is described in news reports — and this is reported as a fact, not a speculation — as a sign of worries about US debt.
It's a sign of our star-crazy culture that there has been months of speculation about David Tennant's Hamlet.
Coolidge says excess speculation in some pockets, such as Internet stocks, is a sign of the maturity of the bull market.
There has been speculation that he may permit atomic energy agency inspectors to visit Parchin as a sign of good faith.
There has been some speculation that AIPAC's inability to attract more than 35 co-sponsors on the resolution is a sign of weakness.
A sign of nerves?
A sign of vulnerability.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com