>>>I don’t suppose it would help to go into a conversation that speculators stabilize prices.<<<<<
The cultural bias against speculation is ironic.
Even though the goal of (most) speculators is to profit, the result to society is that they establish price parameters, or upper and lower price boundaries.
The bias against speculators is irrational and based mainly on his insistent amorality about both long and short trades.
But that amorality is a good thing, because as you said it stabilizes prices on both ends.