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The phrase "simply speculation" is correct and usable in written English.
It can be used when discussing ideas or theories that are not based on concrete evidence or facts. Example: "While some believe the project will succeed, it remains simply speculation until we see the results."
Exact(10)
Until a better study is done, the "facts" on post-Vietnam stress are simply speculation.
At this point, it is simply speculation whether there could have been a healthy bidding war for Dell.
Higgins said he believed the perceived rivalry between the goaltenders was simply speculation fueled by the news media.
Albeit, like every other theory doing the rounds, this too is simply speculation, a conclusion based on outcome.
But all this is simply speculation – the medical council is a conservative beast: it could equally provide guidelines that support the actions of Halappanavar's medical team, who moved to terminate only when her sepsis was genuinely life-threatening.
That wasn't true, it was simply speculation based on some tweets.
Similar(49)
Theories are not simply speculations about how the world works.
However, those were simply speculations and now we have evidence for the first part of these ideas.
But speculation is simply that.
With Daft Punk it has simply fuelled speculation.
The second is simply a speculation about the mystery of nature that lies around us; the first is a practical question affecting the common conscience of a man and the consequences of his own action.
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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