This Narratological Commentary on Silius’ Battle of Ticinus lays bare the narrative form of the text by addressing numerous narratological aspects, including plot-development, focalization, space, and intertextuality. The book also focuses on the phenomenon of ambiguity with its dynamic processes of (un-)strategic production, perception, and resolution. Ambiguity is a central feature of the Punica because of the epic’s constant oscillation between fact and fiction: it treats the changing fortunes of war and the tension between Rome and Carthage, which Silius translates into a moment of poetical equilibrium by his paradoxical problematization of triumph in defeat and defeat through triumph.