The dead priest, in the story Araby, is a religious symbology indicating a spiritual life that has fallen into decline. It is not what it once was and has deteriorated over the years. All of the belongings in the dead priest's room indicate a robust life fallen into decline and ruin.
The chalice is also a Christian symbol. The narrator calls the object of his affections 'his chalice'. This elevates her name to a level of worship.
The bazaar's churchly silence is a reference to the atmosphere of the bazaar. There is a type of reverence that the narrator has built up in his mind about the bazaar. And, ironically, though there is a silence in the bazaar, it is not holy in nature. This is illustrated by the silence being broken by the sound of coins being counted. He realizes shortly after this that his imaginings about the bazaar and the reality of the bazaar are as false as his imaginings about his 'true love'.